China has set an ambitious 5% economic growth target for this year while raising its fiscal deficit to 4% of GDP, the highest in over 30 years, and lowering its CPI target to 2% for the first time in two decades. The government is prioritizing domestic demand, particularly as the U.S., under Trump, imposes tariffs. A pro-business shift appears to be underway, highlighted by Alibaba co-founder Jack Ma’s recent participation in a high-profile symposium led by Xi, signaling greater reliance on the private sector for economic recovery. Tech giants like Alibaba, Tencent, and Didi are becoming vital to Beijing’s strategy, as their e-commerce, food delivery, and ride-hailing businesses help boost consumption and stabilize employment. Investors are closely watching for policy details that could benefit firms aligned with these national economic goals. Continue here.
