China’s Xi, other leaders set to discuss GDP growth target, stimulus measures [Video]

Stimulus steps

While China’s economy is on track to achieve this year’s growth target of “around 5%,” it is still contending with several longer-term problems, including a prolonged housing downturn, tepid domestic consumption and escalation in trade tensions with the U.S. as Donald Trump returns to the White House.

Growing headwinds

In the face of additional tariffs, the Chinese leadership may consider larger fiscal packages next year “in a multiple stage fashion” as it monitors and reacts to U.S. policy, economists from Barclays said in a note.

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