Recent insights from leading economists reveal that China’s annual gross domestic product growth is often underestimated by both domestic and international analysts. With a target of around 5 percent set for 2025, the country is building on its impressive 2024 performance, which saw a solid 5 percent year-on-year increase.
During a lively segment on the debate show "Talking China," Li Cheng, founding director of the Center on Contemporary China and the World at the University of Hong Kong, emphasized that experts have a history of undervaluing China’s growth potential. He noted that when compared to top economies such as the United States, Japan, and Germany, China’s performance—driven by booming tech innovation and rising domestic consumption—stands out.
Adding to the discussion, Wang Wen, dean of the Chongyang Institute for Financial Studies at Renmin University of China, explained that maintaining a 5 percent growth could boost China's contribution to global economic expansion by as much as 35 to 40 percent. Despite challenges like external trade obstacles and tariff pressures, proactive policies and increased fiscal measures, including a raised deficit-to-GDP ratio now set at around 4 percent, are expected to reinforce sustainable growth.
This marks the third consecutive year China has pursued a 5 percent growth target, underscoring its commitment to innovation and strong internal consumption. As these developments shape broader economic trends, they also highlight the dynamic interplay between national policy, global market forces, and emerging technological trends.
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Some tend to underestimate China's GDP growth rate, say experts
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