Lan Fuan: Increase investment in people and link the allocation of permanent residents with transfer payment funds.

On March 22, Minister of Finance Lian Fuan stated at the China Development Forum 2026 Annual Meeting's thematic workshop on "Macroeconomic Policies and High-Quality Development" that fiscal policy will focus more on investing in people and increase investment in people. He emphasized the importance of doing one's best within one's capabilities to continue increasing efforts to protect and improve people's livelihood, reasonably increase the proportion of public service expenditures in fiscal expenditures, increase the proportion of government investment in people's livelihood, and expand development space while meeting the needs of the people. Lian Fuan also mentioned the need to improve policies regarding "investment in people," such as placing people at the center when promoting the process of new urbanization, linking the distribution of permanent residents and transfer payment funds, and promoting the establishment of a system where basic public services are provided by the permanent place of residence.