China's stimulus efforts kicked in late last year, boosting production and consumer spending, and helping full-year economic growth come close to the government's target.

Industrial output and retail sales for December beat the median estimates of economists surveyed by Bloomberg News. While not enough to prevent China from recording the weakest annual expansion since 1990, the gains helped ensure gross domestic product growth of 7.4 percent for 2014—in line with Premier Li Keqiang's target.

Policy makers are projected to add to measures that so far have featured an acceleration in investment approvals and the first interest-rate cut in two years. Ensuring a soft landing for China would help a global economy contending with weakness that Tuesday spurred the International Monetary Fund's steepest cut to its world growth outlook in three years.