China’s National People’s Congress opened on March 5 with policy signals that could reshape global crypto capital flows as Beijing emphasised a stable yuan, rising fiscal spending and structural financial reforms.
Officials set a growth target of 4.5% to 5% for the world’s second-largest economy, the lowest range since 1991 but still large enough to add roughly $900 billion in economic output this year.
Despite the slower growth pace, China remains a major driver of global expansion, contributing about 30% of worldwide economic growth in 2025 as its economy surpassed $20 trillion.
Policymakers also outlined a cautious approach to stabilising the property sector through coordinated risk management across real estate, local government debt and smaller financial institutions rather than a large-scale bailout.
China reaffirmed plans for loose monetary policy, with authorities signalling that reserve requirement ratio cuts and interest rate reductions remain options while total public budget expenditure reaches 30 trillion yuan.
Beijing’s commitment to maintaining a broadly stable yuan could reduce capital flight pressure that historically pushed Chinese retail investors toward Bitcoin and dollar-pegged stablecoins during periods of currency weakness.
The broader policy framework also highlights expanding equity financing and a digital economy expected to reach 12.5% of GDP by 2030, developments that analysts say may support long-term growth in tokenisation and real-world asset markets.
At the time of reporting, Bitcoin price was $72,409.82.