In his 2025 New Year address, President Xi Jinping emphasized his commitment to the welfare of the people and the continued growth of the Chinese economy. Highlighting the government's focus on improving lives, Xi addressed key areas such as employment, income, elderly and child care, education, and medical services.
'Concerns of the people are always on my mind'
Xi reassured citizens that their concerns remain a top priority. He announced that basic pensions have been increased, mortgage rates reduced, and cross-province medical bill settlements expanded, making healthcare more accessible nationwide. Additionally, consumer goods trade-in programs have been enhanced to improve daily living standards.
\"All these are real benefits to our people,\" Xi noted, reflecting on his visits across China in 2024. He emphasized the importance of ensuring a happy life for the populace, stating, \"We must bring more smiles to our people and greater warmth to their hearts.\"
Confidence in the Chinese economy
Addressing economic challenges, Xi acknowledged the uncertainties in the global environment and the need to transition to new growth drivers. Despite these hurdles, he expressed unwavering confidence in China's ability to overcome difficulties through hard work and resilience.
\"As always, we grow in the wind and rain, and we get stronger through hard times. We must be confident,\" Xi affirmed, committing to the completion of the 14th Five-Year Plan by 2025. He highlighted the economic rebound in 2024, projecting China's GDP to exceed 130 trillion yuan (approximately $17.8 trillion).
Xi praised the proactive measures taken to address both domestic and international challenges, including policies aimed at high-quality development and regional coordination. He underscored China's strides in fostering new productive forces and achieving balanced growth across different regions.
A better future for the world
Looking beyond national borders, Xi called for global unity amidst rapid and unprecedented changes worldwide. He stressed the importance of overcoming estrangement and conflict with a collective vision for humanity's future.
Xi highlighted China's role as a responsible major country, contributing to world peace and stability. He mentioned efforts to promote global governance reform, strengthen solidarity with the Global South, and engage in various bilateral and multilateral forums.
\"China will work with all countries to promote friendship and cooperation, enhance mutual learning among different cultures, and build a community with a shared future for mankind,\" Xi declared. He concluded by emphasizing the joint effort needed to create a better future for the world.
Reference(s):
cgtn.com
