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China's Xi Unveils Bold Economic Strategy Amid Challenges

2/28/2026

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Story summary
  • China's leadership plans a proactive macroeconomic approach to support its new five-year plan ahead of the two sessions.
  • President Xi Jinping of China chaired a Politburo meeting that emphasized expanding domestic demand and growth drivers.
  • The Politburo's statement outlined plans to develop a unified national market and stabilize employment.
  • Due to deflation, a property slump, and weak consumption, China targets 2026 growth of 4.5–5 percent.