Chinese stocks fell on Friday, with the Shanghai Composite dropping 2.01% to close at 3,392 and the Shenzhen Component losing 2.23% to 10,713, ending a three-day rally. The decline followed a high-level policy meeting where Chinese leaders, led by President Xi Jinping, reaffirmed a recent shift in economic strategy, highlighting plans to boost growth. At the annual economic planning conference, the government called for a proactive fiscal policy and a moderate loosening of monetary policy. However, the policy announcements failed to impress investors amid a lack of details on the size of potential stimulus in light of persistent economic challenges and the ongoing threat of U.S. tariffs.