Xi Jinping urges China to boost demand amid economic challenges

President Xi Jinping called for boosting domestic demand and services sector growth at an April 8 conference, aiming for a 4.5–5% GDP target in 2026 amid ongoing property sector challenges. The strategy emphasizes reform, technology, and international cooperation, avoiding large stimulus packages. Investors face a conservative outlook with no immediate growth catalyst, requiring close monitoring of consumer and retail data.