Beijing: Xi Jinping announced that China will push forward proactive macroeconomic policies in 2026.

According to Thai News Agency, Chinese state media reported that President Xi Jinping said China will pursue a more proactive policy focused on supporting long-term growth, anticipating that the Chinese economy will achieve its target growth rate of around 5 percent this year.

CCTV reported on remarks by President Xi Jinping during a New Year's tea party with high-ranking Communist Party officials. In the speech, President Xi stated that the country's economy is expected to reach 140 trillion yuan, or approximately 20 trillion US dollars, by 2025. He also expressed confidence that despite facing various pressures, the economy will continue to move forward, reflecting the remarkable resilience and vitality of the Chinese economic system.

Furthermore, Chinese leaders reiterated the goal of effectively promoting the quality of the economy alongside appropriate quantitative growth, under the crucial condition of maintaining social harmony and stability. Even though there are signs of weakening economic momentum by the end of 2025, pressured by sluggish household consumption, persistent deflation, and the prolonged real estate crisis, the Chinese government remains determined to achieve its 5% growth target.

In response to this approach, the Chinese government has begun implementing concrete measures, allocating over 62.5 billion yuan from special savings bonds to local authorities. Furthermore, the state policy planning agency has unveiled a forward-looking investment plan for 2026, which includes two large-scale construction projects that will receive an additional 295 billion yuan in central government funding as a key mechanism to attract investment and stimulate overall economic growth.