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China sets 2026 economic priorities: Consumption, innovation, and sustainable growth

China's economic policies for 2026 focus on boosting domestic consumption, raising household incomes, and expanding high-quality goods and services, according to the Central Economic Work Conference that concluded Thursday. Innovation remains a key priority, with AI deployment, talent development, and stronger intellectual property protections. Opening-up will continue, led by the Hainan Free Trade Port and high-quality Belt and Road projects. Policies also target housing market stability, employment support, green transformation, and rural revitalization. These measures aim to create a stable, sustainable, and innovation-driven economy. The IMF projects China's growth at 5% in 2025 and 4.5% in 2026, highlighting the country's shift toward a consumption-led, resilient economic model.