China plans to sustain stable economic growth in 2026, with an emphasis on balancing employment, pricing, and external payments, according to Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs. Speaking at the China Economic Annual Conference in Beijing, Han outlined a strategy centered on steady advancement, prioritizing improvements in economic quality and efficiency. n nFiscal measures will remain actively supportive, maintaining essential deficit levels, debt sustainability, and spending commitments to stabilize near-term performance while retaining room to address future uncertainties. Monetary policy will continue in a moderately accommodative stance, focusing on enhancing the effectiveness of policy transmission and boosting domestic demand. The renminbi’s exchange rate is expected to stay broadly stable at a reasonable and balanced level. n nHan emphasized the importance of aligning fiscal and financial strategies, integrating structural reforms with macroeconomic policies to ensure coherence in direction and impact. He stressed that all initiatives should reinforce one another, creating a unified policy effort. The conference gathered government officials, economists, and industry leaders to assess China’s 2025 economic trajectory and shape its 2026 outlook. n
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China to maintain stable economic growth in 2026
China will strive to keep economic growth stable next year while maintaining overall stability in employment, prices and the balance of payments, a senior official said on Saturday. n nHan Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said economic policy in 2026 will aim to keep income growth for residents broadly in line with overall economic expansion. n nHe made the remarks at the China Economic Annual Conference hosted by the China Center for International Economic Exchanges in Beijing. n nThe economic work for 2026 will continue to follow a “steady progress” approach, with a focus on improving quality and efficiency, Han said. Authorities will step up countercyclical and cross-cyclical adjustments to strengthen the effectiveness of macro governance. n nALSO READ: China holds Central Economic Work Conference to plan for 2026 n nFiscal policy will remain “more proactive”, Han said. The government will maintain a necessary fiscal deficit, overall debt level and total spending. Policymakers will fully utilize available policy space to stabilize near-term growth while preserving flexibility to respond to future risks. n nMonetary policy will stay moderately accommodative. The focus will be on improving the transmission of monetary policy and increasing support for expanding domestic demand, Han said. The renminbi exchange rate will be kept basically stable at a reasonable and balanced level. n nREAD MORE: IMF revises up China growth forecast for 2025 on policy support n nHan also called for stronger coordination across policy fronts. Fiscal and financial policies will be better aligned, while reform measures will be implemented in step with macro policies to ensure consistency in policy direction and impact. n n”All policy measures should move in the same direction and form a combined force,” Han said. n nThe annual conference brought together policymakers, economists and business leaders to discuss China ‘s economic performance for 2025 and outlook for 2026.
