The nation's top leaders have pledged to boost consumption, stabilise the property market, and create more employment opportunities at a key economic meeting in Beijing.

Top leaders including President Xi Jinping and Premier Li Qiang attended this year's meeting of the Central Economic Work Conference held on Wednesday and Thursday, vowing to "continuously expand domestic demand" in the year ahead.

The meeting determined that "domestic demand will remain as a focus in building a robust domestic market", Xinhua News Agency reported.

Beijing will also focus on stabilising the real estate market, implementing city-specific policies to control new supply, reduce inventory, and optimise supply.

Leaders at the economic conference vowed to "secure the steady development of employment, businesses, markets and expectations", to get the 15th Five-Year Plan off to a good start, Xinhua said.

Efforts will be made to stabilise employment for key groups such as college graduates and migrant workers, while "more efforts should be made to better safeguard and improve people's livelihoods and actively and prudently defuse risks in key areas."

The conference also agreed to also intensify efforts to address "involution" – a popular term used to describe the intra-industry race to outcompete that ends up nowhere.

Leaders stressed the importance of enhancing innovation-driven development, specifically mentioning the need to develop international technological innovation centres in Beijing, Shanghai and the Greater Bay Area.

"The meeting also emphasised the need to more closely unite around the Communist Party of China (CPC) Central Committee with Comrade Xi Jinping at its core, strive to achieve the goals and tasks for economic and social development next year and get the 15th Five-Year Plan period (2026-2030) off to a good start," Xinhua said.

Despite heightened trade headwinds this year during the second term of US President Donald Trump, China's exports have been booming.

Official data showed this week that the manufacturing powerhouse's trade surplus this year has already surpassed US$1 trillion – a historic milestone.

The International Monetary Fund (IMF) and other international institutions this week revised upwards their growth forecasts for China this year.

The IMF's boost of 0.2 percentage points brought its outlook to five percent – in line with Beijing's own goal. (Additional reporting by AFP)