Xi Says China Hit 2025 Growth Goal, Pledges More Proactive Policies in 2026

Overview

• Xi Jinping said growth reached about 5% in 2025, with GDP around 140 trillion yuan, according to state media.
• He pledged a more proactive macroeconomic stance in 2026 to sustain longer‑term expansion, with specifics yet to be outlined.
• Beijing earmarked 62.5 billion yuan from special treasury bonds for local governments to fund a consumer goods exchange program next year.
• The state planner released advance 2026 investment plans that include two major construction projects backed by roughly 295 billion yuan in central budget financing.
• Officials acknowledge weak consumption, deflation, and a prolonged property downturn even as a record near US$1 trillion trade surplus and a slight December manufacturing uptick offered support.