• Joggers run along the Bund in front of buildings in the Lujiazui Financial District across the Huangpu River in Shanghai on Feb. 27. China's Politburo vowed to strengthen macroeconomic policies to stabilize the economy this year, suggesting more support could be on the cards to boost growth ahead of a key leadership meeting later this year. | BLOOMBERG
    Joggers run along the Bund in front of buildings in the Lujiazui Financial District across the Huangpu River in Shanghai on Feb. 27. China's Politburo vowed to strengthen macroeconomic policies to stabilize the economy this year, suggesting more support could be on the cards to boost growth ahead of a key leadership meeting later this year. | BLOOMBERG

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China set an ambitious economic growth target for the year, putting the spotlight back on fiscal stimulus to counter risks of an ongoing property market slump and rising geopolitical tensions.

While the growth goal of about 5.5% for this year is the lowest in more than three decades, it’s above the consensus forecast of 5% and the International Monetary Fund’s projection of 4.8% expansion. Economists said the target implies Beijing will increase infrastructure spending, cut interest rates further and do more to stabilize housing.

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