Beijing on Monday said it will implement a more proactive fiscal policy this year, with finance minister Lan Fo'an saying the nation's economic and fiscal strengths have grown significantly.

Speaking on the last day of the China Development Forum 2025, Lan said China has gained more experience in macroeconomic management and fiscal governance, and that confidence in the nation's economic development stems from solid fundamentals, numerous advantages, resilience, and vast potential.

According to Xinhua News Agency, Lan said the primary task of this year's fiscal policy is to significantly boost consumption and enhance investment efficiency.

"China has the world's most promising super-sized market, with immense potential for consumption growth," Lan said.

Speaking to global business leaders attending the forum, Lan also emphasised that China will ensure equal treatment for all types of businesses and continue to improve the business environment.

Meanwhile, senior executives of multinational giants attending the forum have highlighted the importance of strengthening global cooperation to ensure that industrial and supply chains can withstand unexpected external shocks.

The executives told broadcaster CCTV that this meant that they have to come together across borders and industries.

Judy Marks, CEO of Otis Worldwide Corporation noted there is a tremendous supply chain for the elevator industry on the mainland.

"This is our largest manufacturing location anywhere in the world. And so we take advantage of the supply chain here not just for China in China, but also in China for the world," she said.

Entrepreneurs, government officials, experts and business representatives from China and around the world attended the two-day forum – themed "Unleashing Development Momentum for Stable Growth of Global Economy".