A drone photo taken on Jan 13, 2026 shows a ship under construction at a shipyard of Cosco Shipping Heavy Industry (Yangzhou) Co Ltd in Yangzhou, East China's Jiangsu province. [Photo/Xinhua]
China's economic growth is expected to further stabilize in the second half of the year, as policymakers step up efforts to address structural challenges arising from the transition in growth drivers while strengthening support for domestic demand, experts and executives said.
The comments came after a meeting on Thursday of the Political Bureau of the Communist Party of China Central Committee, presided over by Xi Jinping, general secretary of the CPC Central Committee. The meeting called for efforts to accelerate the transition from old growth drivers to new ones and effectively implement a more proactive fiscal policy and an appropriately accommodative monetary policy.
Economists said the meeting addressed a major challenge facing China's economy, as rapidly expanding new industries have yet to fully offset the slowdown in traditional sectors, insufficient domestic demand and growing structural divergence.
Policy focus should not only be on stepping up macro policy stimulus and accelerating investment in emerging industries and industrial upgrading, but also on bolstering employment and income to foster broader growth, they added.
