China has met its main economic and social development targets for 2025, with growth remaining steady, resilience strengthening and policies delivering greater benefits to households, a senior economic planner said on Tuesday.

Wang Changlin, deputy head of the National Development and Reform Commission (NDRC), told a State Council briefing that Chinese authorities will investigate and roll out an action plan for 2026–2030 to expand domestic demand. He said China will also step up support for innovation through measures such as leveraging a national venture capital guidance fund, studying the creation of a state-level mergers and acquisitions fund, and improving the deployment of government investment funds.

Looking ahead, NDRC official Zhou Chen said China's economic structure will continue to improve in 2026, with growth drivers increasingly shifting toward innovation. The digital economy's value added is expected to reach about 49 trillion yuan ($7 trillion) in 2025, accounting for roughly 35 percent of the country's GDP, while new technologies and high-tech projects gain momentum. China currently has 24 innovation clusters ranked among the world's top 100, the highest globally for a third straight year.

Policies promoting equipment upgrades and consumer goods trade-in promotions have also delivered strong results. In 2025, funds from ultra-long special treasury bonds supported about 8,400 projects, driving more than 1 trillion yuan in total investment, said NDRC official Wang Shancheng.

For 2026, the authorities have expanded the programme's scope and earmarked an initial 62.5 billion yuan to support nationwide trade-in schemes, with unified subsidy standards for vehicles, selected home appliances, and digital and smart products.