The annual Central Economic Work Conference, which took place in Beijing from Wednesday to Thursday, has outlined China's strategic priorities for 2026. In his address, President Xi Jinping characterized the year 2025 as "a truly extraordinary year," emphasizing the achievement of significant economic and social objectives. Despite acknowledging ongoing and new challenges within a more intricate external landscape, the leaders asserted that China's foundational conditions and underlying trends for sustained growth continue to hold strong. The conference highlighted the importance of advancing while maintaining stability, enhancing the coordination of internal and external forces, and balancing growth with security. Policymakers committed to implementing more proactive and well-coordinated macroeconomic policies aimed at stimulating demand, streamlining supply chains, and fostering emerging, high-quality productive capacities. Fiscal policy is set to remain active, allowing for necessary deficits, while monetary policy will stay moderately accommodative to ensure liquidity and provide support for demand, innovation, and smaller businesses.