BEIJING, September 29, 2026: China’s State Council has pledged stronger policy support for the economy, calling for faster implementation of existing measures, accelerated use of government bonds and quicker starts for major infrastructure projects.
The cabinet meeting, chaired by Premier Li Qiang, comes as Chinese authorities seek to maintain momentum toward the government’s 2026 economic and social development targets. Reuters reported that Beijing is targeting economic growth of 4.5% to 5% this year. The report also noted that second-quarter growth slowed to 4.3%, while industrial output, retail sales and investment weakened at the start of the third quarter. Reuters report
Government bond and infrastructure push
The State Council called for more efficient fiscal spending and urged local governments to make better use of available debt capacity. It also highlighted major infrastructure projects linked to China’s 2026–2030 development plans.
Policy support is also being considered for investment and consumption, including interest subsidies and infrastructure upgrades. The cabinet said monetary-policy tools should be used flexibly in response to economic conditions.
Support for technology and smaller businesses
China also plans to expand relending facilities supporting technological innovation, industrial upgrading, agriculture and small businesses. Officials are studying additional measures related to the property market, employment and household income.
The announcement follows other recent economic measures, including the reported rise in industrial profits during the first eight months of the year. Read NewsNationOnline’s industrial profits report.
What comes next
The latest State Council direction indicates that economic policy implementation will remain a major focus as China moves through the second half of 2026. The measures announced so far emphasize faster execution of existing policies alongside targeted support for investment, consumption, technology and employment.
Source: Reuters and China State Council reporting.
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