China vice finance minister signals more fiscal support as economy slows

AI summary

<p dir="ltr">Liao Min's comments arrive against a backdrop of a broadening Chinese slowdown, with industrial output and retail sales both missing forecasts in July and officials already weighing fresh stimulus after growth abruptly weakened. The emphasis on timely, incremental measures rather than a large one-off package fits the pattern policymakers have followed through 2026, favouring calibrated support over aggressive stimulus even as deflationary pressure and soft domestic demand persist. Markets sensitive to Chinese demand, including industrial commodities and regional currencies, are likely to parse the comments for confirmation that Beijing is prepared to act rather than simply monitor, though the lack of specific figures or a timeline leaves the practical scale of any support unclear for now. The reference to allocating fiscal resources over a longer cycle suggests policymakers remain wary of front-loading spending in a way that limits flexibility later in the year.</p><p dir="ltr">--</p><p dir="ltr">Earlier:</p><ul><li><a href="https://investinglive.com/news/china-unveils-nine-department-plan-to-boost-county-level-consumption" rel="follow" target="_blank">China unveils nine-department plan to boost county-level consumption</a></li></ul><p>--</p><p dir="ltr"> Beijing is signalling more fiscal help is coming, just not all at once.</p><p dir="ltr">Summary:</p><ul dir="ltr"><li>Vice Finance Minister Liao Min said China will roll out additional fiscal policy measures in