Xi Says China On Track for About 5% 2025 Growth, Signals Proactive 2026 Policy Shift

Overview

• Xi Jinping said GDP will close 2025 near 140 trillion yuan, roughly US$20 trillion, meeting the growth goal of about 5%.
• He announced a move toward more proactive macroeconomic policies in 2026 to sustain long-term growth.
• The central government allocated 62.5 billion yuan from special treasury bonds for a consumer goods exchange program next year.
• China’s state planner outlined advance funding of about 295 billion yuan from the central budget for two major construction projects in 2026.
• Specifics of the broader 2026 policy package were not released, with Xi scheduled to deliver his annual New Year address at 19:00 Singapore time.