Sliding Breadcrumbs Text
LONG LIVE PAKISTAN CHINA FRIENDSHIP
Pak China Today
Wednesday, September 17, 2025
  • World
  • Opinion
  • National
  • Politics
  • Business
  • Science
  • Entertainment
    1a4a6a509cdbd855f8a24611e199303c

    Pakistani athletes ready to shine at World Games 2025 in Chengdu

    嵊山岛民居绕港,山海相依

    Shengsi’s Holistic Tourism Awakens the “Stellar Synergy” of Its Islands

    WechatIMG5875

    Beijing’s Beihai Park celebrates 100 years of opening

    WechatIMG5170

    Two Pakistani movies win awards at SCO Film Festival in China

    WechatIMG5129

    Pakistani Delegation Highlights SCO Film Collaboration Potential at Chongqing Festival

    WechatIMG5110

    China’s Screen Lights Up for the World as 2025 SCO Film Festival Kicks off in Chongqing

    China’s Hubei building a world-class cultural tourism destination

    saudi day

    Saudi Founding Day celebration showcases Kingdom’s rich heritage

    vice president declares Harbin Asian Winter Games closed

    OCA first vice president declares Harbin Asian Winter Games closed

    China Games

    China tops medal tally at Asian Winter Games Harbin 2025, breaking Asian records

  • Contact
No Result
View All Result
  • World
  • Opinion
  • National
  • Politics
  • Business
  • Science
  • Entertainment
    1a4a6a509cdbd855f8a24611e199303c

    Pakistani athletes ready to shine at World Games 2025 in Chengdu

    嵊山岛民居绕港,山海相依

    Shengsi’s Holistic Tourism Awakens the “Stellar Synergy” of Its Islands

    WechatIMG5875

    Beijing’s Beihai Park celebrates 100 years of opening

    WechatIMG5170

    Two Pakistani movies win awards at SCO Film Festival in China

    WechatIMG5129

    Pakistani Delegation Highlights SCO Film Collaboration Potential at Chongqing Festival

    WechatIMG5110

    China’s Screen Lights Up for the World as 2025 SCO Film Festival Kicks off in Chongqing

    China’s Hubei building a world-class cultural tourism destination

    saudi day

    Saudi Founding Day celebration showcases Kingdom’s rich heritage

    vice president declares Harbin Asian Winter Games closed

    OCA first vice president declares Harbin Asian Winter Games closed

    China Games

    China tops medal tally at Asian Winter Games Harbin 2025, breaking Asian records

  • Contact
No Result
View All Result
No Result
View All Result
Home Business

China sets 2025 GDP growth target at around 5%, projecting confidence in economy

April 13, 2025
in Business, National, World
0 0
0
ShareShare

BEIJING, March 5: China on Wednesday set a growth target of around 5 percent for its economy in 2025, which remains the same as last year’s goal, indicating top policymakers’ solid confidence in the stable growth of the world’s second-largest economy despite rising global risks and challenges.

The annual official growth target was unveiled in the Government Work Report delivered by Premier Li Qiang to the National People’s Congress (NPC), the national legislature, which began its annual session on Wednesday morning. In addition to the GDP growth target, the Government Work Report also contained a slew of other targets. The deficit-to-GDP ratio, another closely watched figure, was set at around 4 percent for 2025. The country has set the surveyed urban unemployment rate at around 5.5 percent for 2025, while the CPI is set at around 2 percent in 2025.

RELATED POSTS

New Chapter of Strategic Cooperation: IBI Group and J7 Group Commence a New Era of Development

2025 Global Ocean Development Forum opens in Qingdao, China

China will issue a total of 1.3 trillion yuan (about $182 billion) of ultra-long special treasury bonds in 2025, up 300 billion yuan from last year, according to the Government Work Report.

The country also plans to issue 4.4 trillion yuan (about $613.67 billion) of local government special-purpose bonds in 2025, an increase of 500 billion yuan over last year, according to the Government Work Report.

“In proposing these targets, we have considered evolving dynamics both at home and abroad and other relevant factors, including both what is needed and what is possible,” the report said, “a target of around 5 percent is well aligned with our mid- and long-term development goals and underscores our resolve to meet difficulties head-on and strive hard to deliver.”

For context, in 2024, China’s GDP grew by 5 percent, surpassing 130 trillion yuan ($17.82 trillion) for the first time, successfully achieving key economic and social development goals.

“There’s a lot of uncertainty in the world, but one certainty is China’s stable and dynamic economic growth. In 2025, China’s GDP is on track to grow at a rate of at least 5 percent, sustaining its position as a key driver of global growth by contributing over 30 percent to global expansion. That is good news – not just for China but also for the world at large,” Justin Yifu Lin, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), the top political advisory body, and dean of Institute of New Structural Economics at Peking University, told the Global Times in an exclusive interview.

Lin, who was a former chief economist of the World Bank, said that while China must navigate challenges in 2025, China still holds a solid potential for stable growth and should be able to maintain a growth rate of at least 5 percent in the coming years up to 2035.

“Confidence stems from China’s ability to fully leverage its monetary and fiscal policy space, coupled with industrial policies that transform traditional manufacturing through intelligentization, digitalization and green initiatives, to ensure high-quality economic growth,” Lin said.

The Government Work Report on Wednesday also outlined a slew of policy measures in 2025. China will adopt a more proactive fiscal policy, and apply an appropriately accommodative monetary policy, the report said.

“We will refine and develop new structural monetary policy instruments to provide stronger support for sound development of the real estate sector and the stock market, for scientific and technological innovation, green development, the boosting of consumption, and for private businesses and micro and small enterprises,” read the report.

“At a time of rising uncertainties in the external environment and growing challenges, achieving such a growth target will be no small feat. However, China still possesses many comparative advantages, along with a series of forthcoming macro-level incremental policies, to ensure that the goal will be achieved,” Yu Miaojie, the president of Liaoning University and a deputy to the NPC, told the Global Times.

Yu noted that the growth target of around 5 percent is in line with China’s potential economic growth rate, and setting such a goal is necessary to help unleash the potential of China’s economic development. “I am fully confident about China’s economic growth,” he said.

Major priorities

The Government Work Report, while noting “formidable tasks in economic and social development” this year, also outlined several major priorities and key links that the country will focus on, including vigorously boosting consumption and investment returns and stimulating
domestic demand across the board, and developing new quality productive forces in light of local conditions and accelerating the development of a modernized industrial system.

To boost consumption, China will launch special initiatives and ultra-long special treasury bonds totaling 300 billion yuan will be issued to support consumer goods trade-in programs. To expand effective investment this year, 735 billion yuan will be earmarked in the central government budget for investment, according to the report.

In terms of new quality productive forces, China will foster emerging industries and industries of the future. “We will establish a mechanism to increase funding for industries of the future
and foster industries such as biomanufacturing, quantum technology, embodied AI, and 6G technology,” the report said.

“China is also set to seize opportunities in the Fourth Industrial Revolution, prioritizing breakthroughs in cutting-edge fields such as artificial intelligence,” Lin said, noting that structural reforms will also be pushed forward to foster entrepreneurial innovation. “Combining all these efforts, the country is well-positioned to hit the growth targets outlined by the central government,” he said.

China’s official growth target for 2025 also exceeded projections made by some international organizations. In December, the World Bank raised its forecast for China’s economic growth in 2025 to 4.5 percent from its previous forecast of 4.1 percent.

Meanwhile, the growth target is in line with some foreign financial institutions’ expectations. In a research note shared with the Global Times ahead of the release of the official target, researchers at Standard Chartered, a UK-based bank, said that they expected a growth target of about 5 percent for 2025, noting that local two sessions have revealed growth targets between 4.5 percent and 7 percent, resulting in a weighted average growth target of 5.3 percent

SendShareTweetSend

Related Posts

445978a2cd187d8ecdd69e93c0b65ad3

New Chapter of Strategic Cooperation: IBI Group and J7 Group Commence a New Era of Development

by Humayun Asghar
September 16, 2025
0

CHANGSHU (China), Sep 16: Mr. Maqbool Hussain, Chairman of J7 Group and the delegation recently visited the head office of...

a745568b3ad1ac5a3fcb540583bf8f69

2025 Global Ocean Development Forum opens in Qingdao, China

by Humayun Asghar
September 9, 2025
0

QINGDAO, Sep 9 : The 2025 Global Ocean Development Forum opened in the Chinese city of Qingdao West Coast New...

7be9192a784c77641fe1e8f7f6041c91

International ocean-themed calligraphy and painting exhibition kicks off in Qingdao

by Humayun Asghar
September 8, 2025
0

QINGDAO, Sept 7: The international calligraphy and painting exhibition "A single stroke unfolds a world; A drop of ink embodies...

e6683933a86c48b7cfcf91fad3dc73f1

Xi to attend BRICS leaders’ meeting via video link on September 8

by Humayun Asghar
September 7, 2025
0

BEIJING, Sep 7: Chinese President Xi Jinping will attend the BRICS leaders' meeting via video link in Beijing on September...

485365880_1314978176662318_2707311158705233525_n

Beijing subway system is a lifeline for the city

by Humayun Asghar
September 7, 2025
0

The Beijing subway system continues to be a beacon of efficiency and convenience for millions of commuters, significantly improving their...

Next Post

China confident in achieving its 2025 GDP growth target: NDRC

China’s Hubei building a world-class cultural tourism destination

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

7d0208f1cbd22d1a459cfe2ce2c00046

China firmly opposes Israel escalating military operations in Gaza: Lin Jian

September 17, 2025
445978a2cd187d8ecdd69e93c0b65ad3

New Chapter of Strategic Cooperation: IBI Group and J7 Group Commence a New Era of Development

September 16, 2025
  • 642 Followers
  • 23.9k Followers

MOST VIEWED

  • WechatIMG4798

    Pakistani Scholar develops groundbreaking alloy at Xi’an Jiaotong University Using AI: A leap toward safer, stronger, and space-ready materials

    0 shares
    Share 0 Tweet 0
  • Israel’s attack on Iran causes spike of military conflicts: Guo Jiakun

    0 shares
    Share 0 Tweet 0
  • Xi calls for accelerating progress in China’s space endeavors

    0 shares
    Share 0 Tweet 0
  • Qingdao to hold multinational corporation summit, drawing global firms from 43 countries and regions

    0 shares
    Share 0 Tweet 0
  • CPEC: Guarantees infrastructure’s development

    0 shares
    Share 0 Tweet 0
Pakistan-China-Breaking News
info@pakchinatoday.com

CATEGORIES

  • Business
  • CPEC
  • Entertainment
  • Health
  • National
  • Opinion
  • Politics
  • Recommended
  • Science
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World
  • Britcode
  • Contact
  • World

© 2024 PakChinaToday - by Britcode.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepages
    • Homepage 1
    • Homepage 2
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Travel
  • Tech
  • Health

© 2024 PakChinaToday - by Britcode.

Go to mobile version