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China to fully utilize economic policy tools, systematically respond to external shocks, says Politburo meeting

Source: Mysteel Apr 30, 2026 14:15

China's economy began the year on a positive footing. Given external uncertainties and persistent domestic challenges, attention has turned to the direction of macroeconomic policy in the period ahead. The Political Bureau meeting of the Communist Party Central Committee held on April 28 underscored the need to precisely and effectively implement a more proactive fiscal policy and a moderately loose monetary policy. It emphasized making full use of macroeconomic policy tools to strengthen policy coordination and systematically respond to external shocks and emerging risks.

China's economy grew by 5% year on year in Q1 of 2026, an acceleration of 0.5 percentage points from Q4 of last year. While the Politburo meeting noted that the economy had gotten off to a strong start, with key indicators coming in better than expected and demonstrating resilience