China Sets 2025 Economic Growth Target Amid Trade War Challenges
China maintains its GDP growth target at around 5% for 2025, aiming to stimulate economy amid external trade pressures and weak domestic demand.
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The target for GDP growth was announced Wednesday in a report being presented by Premier Li Qiang at the opening session of the National People’s Congress, the annual meeting of China’s legislature.
China keeps its economic growth target at 'around 5%' for 2025
NBC News·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
China's challenge for 2025 will be shielding its economy from the impact of the trade war.
China sets GDP target of 5% for 2025 amid tariff war with Trump
The Guardian·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.The target for GDP growth was announced Wednesday in a report being presented by Premier Li Qiang at the opening session of the National People’s Congress, the annual meeting of China’s legislature.
China keeps its economic growth target at 'around 5%' despite a looming trade war
Associated Press·2M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Summary
At the National People’s Congress, Premier Li Qiang announced China’s 2025 GDP growth target will remain at 5%. This target addresses domestic demand issues and external trade challenges amidst a new US-China trade war. The government plans to increase fiscal stimulus, including more spending on consumer rebates and infrastructure. Analysts caution that achieving this goal may require more robust stimulus measures given current economic headwinds.
Perspectives
China's government has set a GDP growth target of around 5% for 2025, aiming to stabilize growth despite a complex economic environment and ongoing trade tensions with the U.S.
The government's plan includes a proactive fiscal policy, increasing deficit spending, and issuing bonds to stimulate domestic demand and spending.
Despite the ambitious target, analysts warn it may be unattainable without significant stimulus measures and express concern over China's reliance on heavy industries contributing to high carbon emissions.