Economic Watch: China's financial salvo gains speed to shore up economic growth

BEIJING, May 4 (Xinhua) -- China's stepped-up fiscal policies are emerging as a pillar in its efforts to stabilize the economy, offering much-needed support to sectors under financial strain and helping the world's second-largest economy weather persistent global uncertainty.

In 2025, the country pledged to intensify counter-cyclical adjustments, raising the deficit-to-GDP ratio to 4 percent and setting the gove