China Cabinet Pledges to Hit 2026 Growth Goal as Q2 Expansion Slips Below Target
Updated
Updated · Bloomberg · Jul 21
China Cabinet Pledges to Hit 2026 Growth Goal as Q2 Expansion Slips Below Target
2 articles · Updated · Bloomberg · Jul 21
Summary
China’s State Council said it will ensure the economy meets its full-year growth goal after second-quarter expansion fell below the official target range.
A cabinet meeting chaired by Premier Li Qiang called for maximizing the efficient use of fiscal funds and pressing ahead with existing policy implementation.
Markets expect that pledge to translate into faster government spending and stronger infrastructure investment to keep growth on track.
The statement signals Beijing is leaning on fiscal support rather than unveiling a major new stimulus package after the Q2 slowdown.