Overview
- State media quoted Xi Jinping saying the economy is expected to reach about 140 trillion yuan in 2025.
- The central government allocated 62.5 billion yuan from special treasury bond proceeds to fund a 2026 consumer goods trade-in program via local governments.
- The state planner outlined early 2026 investment plans that include two major construction projects backed by about 295 billion yuan in central budget funding.
- Policy messaging centers on raising household incomes and supporting consumption and investment to drive growth.
- Official data show industrial profits fell 13.1% year over year in November after a 5.5% decline in October, reflecting weak consumption, deflation and property-sector stress.