China is setting the stage for robust economic growth by strengthening its policy coordination in finance and consumption. During the third session of the 14th National People's Congress in Beijing, Zheng Shanjie, head of the National Development and Reform Commission, expressed confidence in achieving the nation's ambitious economic growth target of around 5 percent by 2025.
Despite facing increasing global uncertainties and challenges such as insufficient domestic demand, China remains optimistic. Zheng highlighted the solid foundation and support systems that underpin the country's economic resilience.
In 2024, China's economy showcased remarkable resilience and high-quality development, with the annual GDP reaching approximately 135 trillion yuan ($18.6 trillion). These strong economic indicators reinforce China's commitment to maintaining steady growth and adapting to the evolving global economic landscape.
By enhancing financial policies and boosting consumption, China aims to create a balanced and sustainable growth environment. These measures are expected to not only meet the 5% growth target but also foster long-term economic stability and prosperity.
Reference(s):
China to strengthen policies to meet 5% growth target in 2025
cgtn.com
