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U.S. Treasury Secretary Bessent said she and budget director Watt have been assigned responsibility for fiscal consolidation.

2026-08-20

U.S. Treasury Secretary Bessent said she and budget director Watt have been assigned responsibility for fiscal consolidation.

Other News
2026-08-20

The U.S. Department of Transportation announced it will invest $615 million in airport construction in 42 states.

The U.S. Department of Transportation announced it will invest $615 million in airport construction in 42 states.
2026-08-20

Aug 20 — NDRC Director Zheng Zhaojie convened a roundtable with leaders of five private companies from electrical equipment, pharmaceutical-equipment, consumer services, smart terminals and textiles/metallurgical chemicals to solicit proposals on sta

Aug 20 — NDRC Director Zheng Zhaojie convened a roundtable with leaders of five private companies from electrical equipment, pharmaceutical-equipment, consumer services, smart terminals and textiles/metallurgical chemicals to solicit proposals on stabilizing economic activity and promoting effective investment. Zheng said the NDRC will implement guidance from the Central Politburo meeting and follow the State Council’s 12th plenary deployment, leverage existing policy measures and timely design practical incremental policies, coordinate major projects under the 15th Five-Year Plan and six-network planning, and advance construction and new-project initiatives. He said the commission will improve long-term mechanisms for private participation in major national projects, remove implicit barriers, broaden scenario openness, strengthen factor support and protect legal rights to mobilize private investment and support a shift to new, higher-quality growth.
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