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  • Premier Li is likely to trim the 2025 growth target tomorrow, putting the focus on medium-term goals.
  • China will probably step up the rhetoric on consumption, but without the matching substance.
  • Policymakers are reluctant to shift support away from industrial policy, seen as key to China’s success.

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Keywords for: 4 March 2026 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence