Premier Li Qiang Urges Stronger Counter-Cyclical Measures to Meet GDP Target
SingTao · 2 SOURCESabout 5 hours ago3 MIN
Summary
Premier Li Qiang (李強) convened a State Council executive meeting on September 28, 2026, directing departments to strengthen counter-cyclical macroeconomic adjustments to fulfill the annual economic and social development targets . The State Council emphasized accelerating the implementation of existing policies while launching new measures to stabilize growth amid current economic challenges .
Key Points
- The government targets GDP growth of 4.5-5 percent for 2026, having achieved 4.7 percent year-on-year growth in the first half
- State Council ordered acceleration of bond issuance and faster use of various bonds to support infrastructure development
- Major engineering projects under the "15th Five-Year Plan" and "Six Networks" initiative will commence construction soon
- New policies will study measures to stabilize the real estate market and promote employment and income growth
- The meeting called for optimizing fiscal expenditure and using local government debt remaining limits effectively
Why It Matters
The timing of this policy push, as China enters the fourth quarter of 2026, signals Beijing's determination to ensure the economy stays on track despite headwinds, with implications for global investors monitoring China's growth trajectory and policy direction .
The timing of this policy push, as China enters the fourth quarter of 2026, signals Beijing's determination to ensure the economy stays on track despite headwinds, with implications for global investors monitoring China's growth trajectory and policy direction .