China's Ministry of Finance is actively formulating policies for the upcoming year in alignment with the country's economic and social development goals, according to the minister.
At a press conference in Beijing, Lan Fo'an stated that the Ministry is focusing on strengthening counter-cyclical adjustments.
"Currently, relevant taxation policies aimed at supporting the healthy development of the real estate market have been submitted for approval according to procedures and will be implemented soon. The replacement of hidden debt will commence immediately. The issuance of special treasury bonds to replenish the core tier-one capital of large state-owned commercial banks is accelerating. The Ministry of Finance is cooperating with relevant departments to study and formulate the specifics of policies regarding special-purpose bonds for revitalizing idle land, increasing land reserves, and acquiring commercial housing to convert into affordable housing, and to promote their accelerated implementation," said Lan.
Lan also noted that the Ministry of Finance will introduce stronger fiscal policies aligned with next year’s economic and social development goals.
"First, we will actively leverage the expandable deficit space. Second, we will increase the scale of special-purpose bond issuance, expand the list of areas to which funds from bond sales can be channeled, as well as the scope for using such funds as capital. Third, we will continue to issue ultra-long special treasury bonds to support the construction of national security capabilities in major strategies and key areas. Fourth, we will enhance efforts to support large-scale equipment upgrading and expand the range and scale of consumer goods trade-in programs. Fifth, we will increase the volume of central transfer payments to local governments to ensure investment in key areas such as scientific and technological innovation and people's welfare," said Lan.
China's Finance Ministry plans stronger policies for next year: minister
A contemporary Chinese art exhibition has been held at the Hungarian National Museum in Budapest, playing a vibrant role in fostering cultural ties between the East and the West. The exhibits, including brush paintings and sculptures on mountains, rivers, plants, blend traditional brushwork with Western influences, creating a serene, meditative atmosphere.
The artists' deep connection with the natural world is a window that the "Chinese Xieyi exhibition'' at the Hungarian National Museum presents to the public to explore Chinese philosophy, according to Tunde FegyvAri-Komori, curator of the Hungarian National Museum.
"This exhibition is a collection of 58 artworks, including four sculptures from 58 different artists, from the National Art Museum of China's collection. And they represent modern and contemporary artworks, partly reflecting back to the traditional Chinese painting and Chinese art, and partly reflecting to Western influences in art, which mostly started arriving in China after the 1970s and the 80s," said FegyvAri-Komori.
Much of the exhibition showcases traditional Chinese brushwork, where delicate strokes create intricate designs and meanings that express deep philosophical meanings, allowing viewers to experience the world from their perspective.
"The Chinese curators constructed the exhibition around these three topics and these three main aspects to approach Xieyi itself. The first one is called 'yi', which translates as meaning. This focuses on the essence of the topic. The second one is form, which in Chinese is 'xing,' and it's quite similar to meaning, but from a different approach. They are focusing on the form itself that they see, but they are not aiming at mirroring reality. The third one is called 'interest,' or in Chinese called 'qu.' And in this last part, I would say that it's a combination of the first two," said FegyvAri-Komori.
One standout piece is a sculpture that blends mythology and modern art, depicting Lao Tzu departing from the Qin Empire (221 BC to 207 BC), carrying the wisdom that shaped Taoist thought with him. The ox-head panther he rides symbolizes mysticism and the spiritual journey, adding another mythical dimension to the work.
"It expresses Xieyi very well, but at the same time, it also expresses a little bit of Western modern art, abstract art," said FegyvAri-Komori.
For many visitors, the exhibition is a chance to experience the dynamic evolution of Chinese art.
"My father had several books about Chinese art, about porcelains, ceramics, and paintings. It always struck me how different it is from our European tradition. There's a subtlety and sensitivity in it. The way they express emotions feels so unique and profound," said Daniel, a visitor.
The exhibition, part of celebrations of the 75th anniversary of the establishment of diplomatic relations between Hungary and China, celebrates cultural exchange and shared appreciation for art and culture.
Contemporary Chinese art expo held in Hungary helps cultivate ties between east and west
