MOF Press Conference: Comprehensive Upgrade of Consumer Subsidized Interest Policies, Credit Card Installments Included, Fiscal Spending Shifts More Toward "Investing in People"

The Ministry of Finance sent a strong signal of "stabilizing growth and expanding domestic demand," not only signaling that incremental pragmatic policies are in the pipeline for the second half of the year, but also upgrading credit subsidized interest policies across the board to spur consumption with real fiscal outlays, while clarifying that during the "15th Five-Year Plan" period, fiscal spending will undergo a major structural shift—tilting further toward "investing in people."