Story perspectives

China Targets 5% Growth with New Fiscal Policy

12/12/2025

Summary

Story summary

China’s leaders pledged a proactive fiscal policy for 2026, aiming for 5% growth after the Central Economic Work Conference.
The conference urged boosting consumption and investment to cut export reliance.
Analysts warn a production-driven model may hinder long-term growth.
The International Monetary Fund urges a shift to a consumption-led economy and notes reforms to the domestic market, including tax refund optimizations for tourists to stimulate consumption and attract foreign investment.

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Story summary

China’s leaders pledged a proactive fiscal policy for 2026, aiming for 5% growth after the Central Economic Work Conference.
The conference urged boosting consumption and investment to cut export reliance.
Analysts warn a production-driven model may hinder long-term growth.
The International Monetary Fund urges a shift to a consumption-led economy and notes reforms to the domestic market, including tax refund optimizations for tourists to stimulate consumption and attract foreign investment.