China's Xi promises more proactive macro policies in 2026
CNBC••business
Key Points:
- China is on course to achieve its 2025 GDP growth target of around 5%, with the economy expected to reach 140 trillion yuan ($20 trillion), driven by strong exports and advances in defense and technology sectors, President Xi Jinping announced.
- Xi pledged more proactive macroeconomic policies for 2026 to address concerns over a slowdown in the second half of 2025, emphasizing improved economic quality, reasonable growth, and social stability amid challenges like weak consumption and a property sector crisis.
- The government is prioritizing technological self-sufficiency, highlighting rapid innovation in AI and chip development, supported by significant state investment in the semiconductor industry despite U.S. efforts to limit China's access to advanced technology.
- Financial markets ended 2025 strongly
