China is likely to keep its GDP growth target at around 5% for 2026. According to experts and government advisors surveyed by Reuters, to achieve this goal, Beijing will need to launch stimulus measures aimed at dealing with deflationary pressure. The stimulus package will be approved at the annual economic conference, with an official announcement anticipated in March during the parliamentary session.

To support GDP growth rates, analysts forecast a budget deficit of around 4% and a possible reduction in interest rates as early as the beginning of the year. Demand subsidy programs will likely be extended as well. In order to attain the status of a "moderately developed country" and double GDP per capita, China has to ensure an average annual growth rate of at least 4.17% over the next decade.

However, the economy is facing significant structural challenges, including weak domestic demand, excess production capacity, and deflation. Experts underscore the need for reforms to increase the consumption share, which currently stands at only 40% of GDP. Key steps should include strengthening social protection and simplifying internal migration.