China will continue to implement a more proactive fiscal policy in 2026, according to a fiscal policy execution report released by the Finance Ministry on Tuesday.
The report outlined seven key tasks for this year, with supporting the building of a strong domestic market being the top priority.
China will speed up the cultivation and expansion of new growth drivers and promote the high-quality development of key industrial chains in manufacturing, said the report.
The country will organize the third batch of cities for a pilot program to upgrade manufacturing through the application of new intelligent, digital, and connected technologies, and will continue to implement the reward and subsidy policy for small and medium-sized enterprises (SMEs) that use specialized and sophisticated technologies to produce unique and novel products, the report said.
The report also called for sustained increases in investment, and optimized structure of expenditure on science and technology, so as to achieve greater self-reliance and strength in science and technology
More efforts will also be made to ensure and improve the people's wellbeing, advance new urbanization and coordinated regional development, accelerate a green transition in all areas, and strengthen sound fiscal management, according to the report.
China to continue implementing more proactive fiscal policy in 2026: report
The Second World Brand Conference and the World Brand Day Inauguration Ceremony in Hong Kong took place on Sunday, announcing the permanent establishment of World Brand Day in the city and releasing a list of the top 100 most globally competitive Chinese brands.
Organized by the International Academy of Brand Science, the Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurs Alliance, and the International Brand Network, the event gathered global brand policymakers, experts, business leaders, and cultural envoys. Its agenda included keynote speeches and the inauguration ceremony of the China Brand Overseas Development Service Center, all aimed at fostering global brand cooperation and sustainable growth. In a video address, John Lee Ka-chiu, chief executive of the Hong Kong Special Administrative Region, noted that China's 15th Five-Year Plan (2026-2030) emphasizes strengthening brand leadership, upgrading standards, and applying new technologies to promote the renewal of consumer goods. With its unique advantage of "strong backing from the motherland and close connection with the world," Hong Kong serves as a vital platform for mainland enterprises and brands to go global, he said.
"Hong Kong has always been known as a city of brands and a shoppers' paradise. We not only hope to take Chinese brands out to the world but also bring international brands into the Chinese market. Hong Kong can play a role in connecting domestic and international markets," said Jonathan Choi Koon-shum, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the board of the International Academy of Brand Science.
Second World Brand Conference held in Hong Kong
