Hard-won 5 percent growth solid foundation for 2025
2 weeks, 3 days ago

Hard-won 5 percent growth solid foundation for 2025

China Daily  

The skyline of Beijing. Official data show that China's economy grew by 5 percent in 2024 and its total economic output surpassed 130 trillion yuan for the first time. Throughout the year, the global economic recovery remained sluggish, geopolitical conflicts and international trade frictions intensified, while domestic demand remained insufficient, leading to slower economic growth in the second and third quarters. The 5 percent innovation-driven growth in 2024 once again confirms the assessment that China's economic foundation is stable, its resilience is strong, and its potential remains vast. China is committed to successfully achieving the 14th Five-Year Plan goals, laying a solid foundation for the 15th Five-Year Plan, and ensuring a strong start for the next stage of national development.

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History of this topic

China confident of hitting growth rate
2 weeks, 3 days ago

China confident of hitting growth rate

China Daily  

By ZHU WENQIAN | China Daily | Updated: 2025-03-06 09:14 The opening meeting of the third session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2025. China's economic growth target of around 5 percent this year is in line with the country's situation and the laws of economic development, …

Sustaining economic growth and other takeaways from the start of China’s legislative session
2 weeks, 4 days ago

Sustaining economic growth and other takeaways from the start of China’s legislative session

Associated Press  

BEIJING — China on Wednesday kicked off its annual parliamentary session, the National People’s Congress, which outlines the government’s priorities for the year. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print The main priority outlined in Li’s report was addressing “inadequate domestic demand, particularly insufficient consumption,” as well as making “domestic demand the main engine …

China sticks to 5% GDP growth target amid trade war and economic challenges
2 weeks, 4 days ago

China sticks to 5% GDP growth target amid trade war and economic challenges

Firstpost  

Premier Li Qiang unveiled the GDP growth target Wednesday during the opening session of the National People’s Congress, China’s annual legislative conference Military wait to march to the opening session of the National People's Congress at the Great Hall of the People in Beijing, China. AP China has maintained its economic growth target at “around 5%” for 2025, despite an …

China keeps economic growth target at 'around 5%' for 2025 despite US tariffs
Trending News
2 weeks, 4 days ago

China keeps economic growth target at 'around 5%' for 2025 despite US tariffs

Hindustan Times  

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds. The IMF has projected China's economy will grow 4.6% this year, down from 5% in 2024, according to Chinese government statistics. It said China the government would adopt a “more proactive fiscal policy," including an increase …

Bold steps needed to boost economy
1 month, 1 week ago

Bold steps needed to boost economy

China Daily  

SONG CHEN/CHINA DAILY China's economy has successfully achieved its growth target for 2024 despite facing a challenging domestic and global environment. It is encouraging news for domestic consumption and the global economy, as the world's second-largest economy remains a key driver, contributing about 30 percent to overall global economic growth. According to the National Bureau of Statistics, China's economy grew …

China likely to achieve 5% growth this year
1 month, 2 weeks ago

China likely to achieve 5% growth this year

China Daily  

Containers are loaded onto a vessel in Qingdao Port, Shandong province. China is expected to maintain its annual economic growth target at around 5 percent for 2025, the same as last year's goal, in a bid to shore up market expectations in the face of tepid domestic demand and rising trade protectionism, analysts and executives said. Though China's GDP target …

McKinsey regional chief says confident in Chinese economy
Trending News
2 months ago

McKinsey regional chief says confident in Chinese economy

China Daily  

Employees work at a workshop of an automobile enterprise in Guiyang, Southwest China's Guizhou province, Dec 11, 2024. DAVOS, Switzerland -- Measured by market size and growth rate, China is still full of opportunities and worthy of investment by global companies, said Joe Ngai, chairman of McKinsey & Company in Greater China, a worldwide management consulting firm. Ngai reiterated his …

Fruitful 5 percent growth is certainty that China's economy brings to world
2 months ago

Fruitful 5 percent growth is certainty that China's economy brings to world

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. When talking about how to evaluate China's economic performance in 2024, the NBS used the term "hard-won" five times in a row, which shows that the 5 percent growth rate conveys a wealth of information. In recent years, China's annual contribution to global economic growth has consistently …

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
2 months ago

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures

The Hindu  

China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, helped by strong exports and recent stimulus measures. Exports expanded 7.1% in annual terms, while imports grew 2.3% The world’s second largest economy has struggled with weaker consumer spending and resulting deflationary pressures as its …

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
2 months ago

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures

Associated Press  

HONG KONG — China’s economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and recent stimulus measures. “Particularly, with a package of incremental policies being timely rolled out, public confidence was effectively bolstered and the economy recovered remarkably,” it said. “We …

China confident in promoting continuous economic recovery in 2025: official
2 months, 2 weeks ago

China confident in promoting continuous economic recovery in 2025: official

China Daily  

BEIJING -- When setting economic growth targets for 2025, China will consider both needs and possibilities and ensure coherence with medium and long-term planning, an official with the country's top economic planner said on Friday. A senior National Development and Reform Commission official, Yuan Da, told a press conference that China's economy will face many new difficulties and challenges in …

Xi calls for forging ahead to build strong China
Trending News
2 months, 3 weeks ago

Xi calls for forging ahead to build strong China

China Daily  

BEIJING -- President Xi Jinping on Tuesday stressed efforts to maintain strategic resolve and stay united in forging ahead against all odds to build a strong country. "On the journey of Chinese modernization, we will not only encounter clear skies and gentle breezes, but also face high winds, choppy waters, and even dangerous storms," said Xi. In 2024, faced with …

Six key points to watch as China plans its 2025 economic roadmap
3 months ago

Six key points to watch as China plans its 2025 economic roadmap

China Daily  

Shoppers buy groceries at a supermarket in Shijiazhuang, Hebei province. Analysts believe the multipronged policy announcements from the meeting -- including the adoption of more proactive macro policies, measures to boost domestic demand and efforts to stabilize the property market -- will support stable economic growth, safeguard jobs and consumer prices, boost people's income, and enhance China's appeal to foreign …

Steps ready for stable growth of the economy
3 months, 1 week ago

Steps ready for stable growth of the economy

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at the annual Central Economic Work Conference in Beijing, capital of China. In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through …

Steps ready for stable growth of the economy
3 months, 1 week ago

Steps ready for stable growth of the economy

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at the annual Central Economic Work Conference in Beijing, capital of China. In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through …

How will Central Economic Work Conference shape 2025 economy?
Trending News
3 months, 1 week ago

How will Central Economic Work Conference shape 2025 economy?

China Daily  

Shi Yu/China Daily China concluded the much-awaited annual Central Economic Work Conference on Dec 12, outlining the government's main economic objectives and policy plans for 2025, which are largely in line with our CEWC preview and Politburo meeting. Therefore, after the March NPC unveils next year's overall policy stimulus package, we think the government may also ramp up additional policy …

Steps ready for stable growth of the economy
3 months, 1 week ago

Steps ready for stable growth of the economy

China Daily  

In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP ratios, the issuance of ultra-long-term special treasury bonds and interest rate cuts. The meeting reaffirmed the need to adopt a moderately loose monetary policy next year, including the rollout of rate cuts and …

How will Central Economic Work Conference shape 2025 economy?
3 months, 1 week ago

How will Central Economic Work Conference shape 2025 economy?

China Daily  

Shi Yu/China Daily China concluded the much-awaited annual Central Economic Work Conference on Dec 12, outlining the government's main economic objectives and policy plans for 2025, which are largely in line with our CEWC preview and Politburo meeting. Therefore, after the March NPC unveils next year's overall policy stimulus package, we think the government may also ramp up additional policy …

China's economy to sustain recovery in Nov-Dec: NDRC
4 months ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

Xinhua | Updated: 2024-11-19 11:20 BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li …

China on track to reach growth targets
4 months, 1 week ago

China on track to reach growth targets

China Daily  

A visitor touches the finger of a mechanical hand at a booth at the 26th China High-Tech Fair in Shenzhen, South China's Guangdong province, Nov 15, 2024. China has "full confidence" that it will meet the growth targets for this year and remain the biggest engine of world economic growth, President Xi Jinping said on Friday, reaffirming Beijing's pledge to …

Sifting fact from fiction: Nation vital to progress
4 months, 1 week ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

Sifting fact from fiction: Nation vital to progress
4 months, 1 week ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

China's Economic Turnaround: A Positive Step but Structural Issues Remain
5 months, 1 week ago

China's Economic Turnaround: A Positive Step but Structural Issues Remain

Hindustan Times  

China's economy is showing signs of a turnaround, with the latest round of stimulus measures expected to boost growth. The bank upgrades its forecasts for 2024 and 2025, with an upgraded growth forecast for next year to 4.7%. Despite the positive outlook, Goldman Sachs cautions that structural issues such as demographics and debt remain and pose challenges beyond 2026.

Keys to achieving China's annual economic growth target of 5%
6 months ago

Keys to achieving China's annual economic growth target of 5%

China Daily  

CAI MENG/CHINA DAILY To assess whether we can reach the annual economic growth target, we first need a reasonable analytical framework. Using the simplest expenditure method to analyze the possibility of achieving around 5 percent GDP growth in 2024, we must consider the three main components of economic growth: final consumption, capital formation, and net exports. If the expansionary policies …

China on track to reach economic growth goal
7 months ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

New economic model set to boost strength
7 months, 3 weeks ago

New economic model set to boost strength

China Daily  

China will likely pursue a new economic model to drive a smooth transition in growth engines, potentially providing an alternative solution to the global challenge of low productivity growth, according to leading economists and executives. "I think this is really very unique, what I will call the China model or China economic model," said Zhu Min, former deputy managing director …

On track to attain 2024 growth goal
8 months ago

On track to attain 2024 growth goal

China Daily  

Two participants at the 2024 Summer Davos Forum exchange views in Dalian, Liaoning province. YAO JIANFENG/XINHUA China is on track to reach the 2024 GDP growth target of around 5 percent given the strong policy stimulus, continued recovery trend and gradual recovery in domestic demand, experts and entrepreneurs said. Despite facing challenges from a sluggish real estate market, still-weak demand …

Greater reform set to lift growth till 2029
8 months ago

Greater reform set to lift growth till 2029

China Daily  

A view of a privately owned textile company in Nantong, Jiangsu province. Greater reform to advance urbanization and reinforce the role of the market in the economy will play a pivotal role in lifting China's economic growth in the coming five years, which should be able to reach about 5 percent annually, economists and officials said on Friday. The period …

China's economic performance resilient amid challenges
8 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

China's economic performance resilient amid challenges
8 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

China's economic growth sharply below forecast in last quarter as consumer demand weakens
8 months, 1 week ago

China's economic growth sharply below forecast in last quarter as consumer demand weakens

India TV News  

China’s economy grew at a slower-than-forecast 4.7 per cent annual rate in the last quarter, the government said on Monday. The world's second-largest economy grew 4.7 per cent in April-June, official data showed, its slowest since the first quarter of 2023 and missing a 5.1 per cent analyst forecast in a Reuters poll. United Nations' projections for India The United …

China's new development means opportunities for world
9 months ago

China's new development means opportunities for world

China Daily  

Tourists visit a cultural block in Xiangyang, central China's Hubei province, June 10, 2024. Recently, the World Bank raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. In the …

Policy and resilience raise confidence in stable economic growth this year
9 months, 3 weeks ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

Stabilizing economy augurs well for global growth
10 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
10 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
10 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
10 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

China reports 5.3% GDP growth for Q1
11 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China reports 5.3% GDP growth for Q1
11 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

Economist predicts further upswing for economy
11 months, 2 weeks ago

Economist predicts further upswing for economy

China Daily  

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist. Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected …

Nation's growth target seen as achievable, appropriate
11 months, 3 weeks ago

Nation's growth target seen as achievable, appropriate

China Daily  

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China's Guangdong province. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center …

Key takeaways from China Development Forum 2024
11 months, 3 weeks ago

Key takeaways from China Development Forum 2024

China Daily  

BEIJING - Themed "The Continuous Development of China," the China Development Forum 2024 concluded on Monday, with senior Chinese officials, leaders of multinationals and representatives from international organizations, offering insights into China's development and its global impact. MAJOR CONTRIBUTOR TO GLOBAL GROWTH "In the medium-term, China will continue to be a key contributor to global economic growth," said Kristalina Georgieva, …

China's economy has braved obstacles in the past, and will continue to do so
1 year ago

China's economy has braved obstacles in the past, and will continue to do so

China Daily  

JIN DING/CHINA DAILY Some Western politicians and institutions recently invented the "Peak China "theory, arguing that China's development has peaked. Despite Western countries claiming over the past decade that China's development is disappointing and will collapse, the economy has been continually developing, even under pressure, and scaling new heights. Some people believe China's total population has already peaked, and the …

Confidence, certainty and potential behind China's 2024 growth target
1 year ago

Confidence, certainty and potential behind China's 2024 growth target

China Daily  

The skyline of Beijing. BEIJING - China has targeted its economic growth at around 5 percent for 2024, a goal that officials and experts believe is well within reach considering the country's sound economic fundamentals and supportive macroeconomic policy mix. China's exports of the tech-intensive green trio -- lithium-ion batteries, photovoltaic products, and NEVs -- amounted to 1.06 trillion yuan …

'Opportunity China' can spur momentum of global growth
1 year ago

'Opportunity China' can spur momentum of global growth

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. The Government Work Report released at the annual gathering of the country's top legislature on Tuesday has conveyed a message to foreign enterprises and investors that they should not miss the opportunities that China will continuously create in its pursuit of high-quality development. Taking into account the …

5 reasons why China's 5% GDP growth target is in the news
1 year ago

5 reasons why China's 5% GDP growth target is in the news

Firstpost  

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the …

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors
1 year ago

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors

Associated Press  

BEIJING — China’s blueprint for its economy in 2024 is replete with goals and promises, but it’s also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for. “While we saw some positive signals in the government work report, a road to restoring confidence will likely take some time and …

China's plans for 2024 prioritize technology, offer scant comfort for businesses and investors
1 year ago

China's plans for 2024 prioritize technology, offer scant comfort for businesses and investors

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “While we saw some positive signals in the government …

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve
1 year ago

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve

Associated Press  

BEIJING — China aims to achieve 5% economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People’s Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China’s military and supporting the economy, among many other longstanding …

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