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

Industrial output and retail sales for December beat the medianestimates of economists surveyed by Bloomberg News. While notenough to prevent China from recording the weakest annual expansionsince 1990, the gains helped ensure gross domestic product growthof 7.4 percent for 2014—in line with Premier Li Keqiang'starget.

Policy makers are projected to add to measures that so far havefeatured an acceleration in investment approvals and the firstinterest-rate cut in two years. Ensuring a soft landing for Chinawould help a global economy contending with weakness that Tuesdayspurred the International Monetary Fund's steepest cut to its worldgrowth outlook in three years.