China signals fresh policy push to revive growth and steady the property market
China's State Council announced plans to roll out additional fiscal and credit measures to support the economy and study new steps to stabilise the housing sector.
China's cabinet, led by Premier Li Qiang, issued a statement pledging a package of practical policies to counter one outlet economic slowdown and meet the 2026 development goals. Unused local government bond quotas will be mobilised, and the People's Bank will raise its relending allowance to spur credit for technology upgrades, small-business loans and agriculture. Authorities will also explore new measures to stabilise the faltering property market, boost employment and raise household incomes.
Analysts point to flat consumption and a deepening investment slump, which have pushed growth below the lower bound of the 4.5-5% annual target. Experts expect additional fiscal stimulus and discounted loans to be introduced in the weeks ahead to bridge the gap. The move reflects Beijing's shift toward more active counter-cyclical adjustments amid concerns over local-government debt and fading consumer subsidies.
Why it matters
China's policy shift could affect global growth, trade and financial markets as the world's second-largest economy seeks to hit its growth target.
In this story
