China's State Council announces new economic support measures and property market stabilization plans

On Monday, September 28, 2026, China's State Council, chaired by Premier Li Qiang, announced a package of additional policies to counter an economic slowdown. The measures include tapping unused local government bond quotas, increasing central bank relending for innovation and small businesses, and studying new steps to stabilize the property market. This comes as growth in the third quarter likely fell below the government's 4.5-5 percent target, with consumption flatlining and investment slumping. Economists expect more fiscal stimulus in the coming weeks to bridge the gap and achieve the annual growth goal.