Beijing, China - Aug 21, 2026 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. Various of reporters
3. SOUNDBITE (Chinese) Liao Min, Vice Minister of Finance:
"During the 15th Five‑Year Plan period, the Ministry of Finance will, in accordance with the relevant arrangements of the Communist Party of China Central Committee and the State Council, scale up counter-cyclical fiscal adjustments with greater focus on enhancing the effectiveness and precision of fiscal macroeconomic regulation. This will lay a solid foundation for stabilizing the overall macroeconomic landscape, promoting economic structural adjustment, and ensuring sustained and sound high-quality economic and social development. In essence, the goal is to accelerate the establishment and improvement of a modern fiscal macroeconomic regulation mechanism that features precise policies, diverse tools, effective guidance, and efficient coordination."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Various of bank clerk introducing loan services to client
5. Various of money counting machines working, piles of Chinese yuan banknotes
6. Sign reading "Personal Credit Counter"

FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
7. Bank clerks serving clients

Beijing, China - Aug 21, 2026 (CCTV - No access Chinese mainland)
8. SOUNDBITE (Chinese) Liao Min, Vice Minister of Finance (partially overlaid with shot 9):
"First, we will adhere to the general principle of pursuing progress while ensuring stability. On one hand, we will maintain policy continuity and stability. On the other, we will prepare and roll out incremental measures in a timely manner to maximize the combined effect of existing and new policies. Second, we will strike a balance between aggregate and structural approaches. We will put greater emphasis on investing in people and raise the share of public service spending in total fiscal expenditure."
++SHOT OVERLAYING SOUNDBITE++
9. Various of reporters
++SHOT OVERLAYING SOUNDBITE++

FILE: China - 2026 (CCTV - No access Chinese mainland)
10. Various of auto assembly line; engineers testing high-tech products; robotic arms working on production line

Beijing, China - Aug 21, 2026 (CCTV - No access Chinese mainland)
11. SOUNDBITE (Chinese) Liao Min, Vice Minister of Finance:
"Alongside fiscal macro‑regulation, we will continue to drive progress through reform, enhance efficiency through better management, and safeguard security by mitigating risks. We will improve the allocation of fiscal resources and the effectiveness of public spending, so as to better support growth and economic transformation, and achieve a virtuous cycle of high‑quality development and fiscal sustainability during the 15th Five‑Year Plan period."

FILE: China - 2026 (CCTV - No access Chinese mainland)
12. Aerial shots of city view

China will accelerate the establishment and improvement of a modern fiscal macroeconomic regulation mechanism during the 15th Five-Year Plan period (2026–2030) as part of its broader efforts to stabilize the economy and support high‑quality development, a senior finance official said on Friday.

Vice Minister of Finance Liao Min told a press conference held by the State Council Information Office in Beijing that the ministry will build a modern fiscal macro‑regulation system featuring targeted policies, diverse tools, clear guidance, and strong coordination.

"During the 15th Five‑Year Plan period, the Ministry of Finance will, in accordance with the relevant arrangements of the Party Central Committee and the State Council, scale up counter-cyclical fiscal adjustments with greater focus on enhancing the effectiveness and precision of fiscal macroeconomic regulation. This will lay a solid foundation for stabilizing the overall macroeconomic landscape, promoting economic structural adjustment, and ensuring sustained and sound high-quality economic and social development. In essence, the goal is to accelerate the establishment and improvement of a modern fiscal macroeconomic regulation mechanism that features precise policies, diverse tools, effective guidance, and efficient coordination," he said.

The vice minister also elaborated on the key principles guiding the ministry's fiscal policy over the next five years.

"First, we will adhere to the general principle of pursuing progress while ensuring stability. On one hand, we will maintain policy continuity and stability. On the other, we will prepare and roll out incremental measures in a timely manner to maximize the combined effect of existing and new policies. Second, we will strike a balance between aggregate and structural approaches. We will put greater emphasis on investing in people and raise the share of public service spending in total fiscal expenditure," said Liao.

In addition, the ministry will also focus on coordinating both the supply and demand sides, and on the integrated coordination of policy tools. It will target the bottlenecks and difficulties that constrain the smooth flow of the economic cycle, promote the normalization and long-term effectiveness of fiscal-financial coordination, and leverage fiscal funds to guide financial resources, so as to better unleash consumption potential and investment vitality, he said.

"Alongside fiscal macro‑regulation, we will continue to drive progress through reform, enhance efficiency through better management, and safeguard security by mitigating risks. We will improve the allocation of fiscal resources and the effectiveness of public spending, so as to better support growth and economic transformation, and achieve a virtuous cycle of high‑quality development and fiscal sustainability during the 15th Five‑Year Plan period," said Liao.