As China rewrites the growth playbook, Hong Kong must show it can anchor the offshore financing and price discovery this reset requires
That shift is visible in Beijing’s fiscal framework. The deficit-to-gross domestic product ratio is set at around 4 per cent, with a deficit of 5.89 trillion yuan (US$853.69 billion) and the general public budget expenditure projected at 30 trillion yuan. This is expansionary policy but not indiscriminate stimulus. It is targeted support where policy reaches into demand and productivity are strongest.
Chinese premier sets 2026 GDP growth target at 4.5-5%
banking & financebeijingchinachina consumptionchina economychina gdpchina's economic recoveryfinancial secretary paul chan mo-pohong konghong kong budget 2025-26hong kong economyhong kong monetary authorityhong kong stock exchangeipoipospremier li qiangsingaporetwo sessionstwo sessions 2026 (lianghui)
