ECONOMY

China Pledges Targeted Macro Policies as Challenges Persist

Published: Apr. 29, 2026 11:57 a.m. GMT+8

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A worker produces export goods on a production line in Jiangsu province on April 27. Photo: VCG

China’s top leadership pledged targeted macroeconomic policies as it seeks to sustain the recovery while facing ongoing domestic and external challenges.

At a Tuesday meeting, the Communist Party’s Politburo called for “targeted and effective” implementation of more proactive fiscal policy and a moderately loose monetary policy, after the economy grew a better-than-expected 5% year-on-year in the first quarter.

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China's Politburo pledged targeted proactive fiscal and moderately loose monetary policies after 5% Q1 GDP growth.
Leaders stressed consolidating recovery, boosting domestic demand via infrastructure and services.
Called for stabilizing property market, addressing local debt risks, and countering external shocks like high oil prices.

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