In his first major public address since meeting US President Donald Trump, Xi called China's economy "resilient and dynamic," and told officials to hit full-year goals while laying the groundwork for a strong start to the 15th five-year plan. He added, "We must persist on the general principle of pursuing progress while ensuring stability, fully and faithfully implement the new development philosophy." The remarks were delivered on Wednesday at a gathering commemorating the PRC's 77th founding anniversary.
Beijing rolled out a plan this week to re-energize a slowing economy, describing the most sizable stimulus effort since 2024. The package features subsidies for mortgages and a broadened slate of central bank loans directed toward infrastructure, technology and other priority fields, with the aim of locking in this year's growth goals. Officials are targeting 4.5%-5% growth this year, but the latest quarterly reading slipped below that range.
In Washington, Xi and Trump restated a structured approach to handling competition between the two economies. Their deal maintains the trade ceasefire through January, trims duties on $60 billion in non-sensitive goods, and establishes a forum devoted to AI risks. In his remarks, Xi also urged more extensive cross-strait engagement and collaboration, while pledging to suppress "Taiwan independence" forces, and he emphasized that China pursues a foreign policy of peace.
Even when headlines focus on big policy moves, steady saving pays off over time, so get the free Always Be Buying E-Book
Watch the follow-through on mortgage support and central bank lending, plus the quarterly growth prints, to see whether the policy push is gaining traction.
No matter how leaders talk about reform, disciplined investing is what matters long term, download the Always Be Buying E-Book
