China-Fiscal Spending/Jan-May
China-Fiscal Spending/Jan-May
Dateline : June 22, 2026/File
Location : China
Duration : 1'46
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of Ministry of Finance building
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. Sign of renminbi, or yuan currency on digital screen
3. Various of banknotes going through cash counting machine
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
4. Queue calling system working
5. Bilingual sign reading "social insurance online service"
6. Various of workers working at office
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of university graduates at job fair
FILE: Shanghai, China - Date Unknown (CGTN - No access Chinese mainland)
8. Various of residents having food at community canteen
9. Various of volunteer helping elderly residents play games
10. Various of gym facilities, resident exercising
11. Elderly people gathering, chatting
Beijing, China - Recent (CCTV - No access Chinese mainland)
12. SOUNDBITE (Chinese) Bai Yanfeng, professor, School of Finance and Taxation, Central University of Finance and Economics (partially overlaid with shots 13-15/ending with shot 16):
"Since the start of this year, China has further stepped up its fiscal spending on investment in people. Outlays on housing support and childcare subsidies, in particular, have registered notable growth compared with last year, placing them among the fastest-rising expenditure items. The pertinence and effectiveness of government spending have continued to improve, contributing to a steady upgrade in the overall quality of fiscal performance."
++SHOTS OVERLAYING SOUNDBITE++
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
13. Various of residential buildings
FILE: Huzhou City, Zhejiang Province, east China - October, 2025 (CCTV - No access Chinese mainland)
14. People using self-service kiosk
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
15. Phone screen showing application process for childcare subsidies
++SHOTS OVERLAYING SOUNDBITE++
FILE: China - 2024 (CCTV - No access Chinese mainland)
16. Aerial shots of children playing on playground
FILE: China - Date Unknown (CGTN - No access Chinese mainland)
17. People performing taichi
18. Senior residents showing paper-cutting work
China's fiscal spending exceeded 11 trillion yuan (around 1.62 trillion U.S. dollars) in the first five months, with notable increases in housing, childcare and healthcare outlays, official data showed.
Data released on Monday by the Ministry of Finance showed that China's general public budget spending reached 11.38 trillion yuan in the January-May period, up 0.8 percent year on year.
Expenditure on social security and employment, as well as housing security, all grew by more than six percent.
Healthcare spending rose 11.3 percent, driven largely by increases in childcare subsidies and government contributions to the basic medical insurance fund.
"Since the start of this year, China has further stepped up its fiscal spending on investment in people. Outlays on housing support and childcare subsidies, in particular, have registered notable growth compared with last year, placing them among the fastest-rising expenditure items. The pertinence and effectiveness of government spending have continued to improve, contributing to a steady upgrade in the overall quality of fiscal performance," said Bai Yanfeng, professor of the School of Finance and Taxation of the Central University of Finance and Economics.
ID : 8485888
Published : 2026-06-23 10:24
Last Modified : 2026-06-23 18:07:18
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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