By China has set an economic growth target of around 5% for 2025, according to government sources, as the country grapples with the lingering effects of the U.S.-China trade war and a slowing global economy. The target reflects Beijing’s efforts to balance growth with the need for structural reforms.
The trade war, which has seen tariffs and export restrictions imposed on key Chinese industries, remains a significant hurdle. “The external environment is challenging,” said one analyst. “China needs to focus on domestic consumption and innovation to sustain growth.”
To achieve the 5% target, China is expected to implement stimulus measures, including infrastructure spending and tax cuts. However, concerns about rising debt levels and overcapacity in certain sectors could complicate these efforts.
Despite these challenges, China’s leadership remains confident in its ability to navigate the economic headwinds. The 5% target is seen as a realistic goal that aligns with the country’s long-term vision of becoming a high-income economy.