New GDP target shows emphasis on necessity, feasibility
Trending News
3 weeks ago

New GDP target shows emphasis on necessity, feasibility

China Daily  

China's determination to keep its economic growth target for this year at around 5 percent, unchanged from the previous year, reflects a realistic and pragmatic approach in the face of external headwinds and internal economic adjustments, global experts said. Noriyuki Kawamura, emeritus professor at Nagoya University of Foreign Studies in Japan, said: "The target of around 5 percent GDP growth is considered reasonable, as it balances necessity and feasibility. Premier Li's emphasis on boosting consumption and improving people's livelihoods as key drivers of the economic policy is a strategic shift from investment-led growth to a more sustainable domestic demand-driven model, said Anna Rosario Malindog-Uy, vice-president of Asian Century Philippines Strategic Studies, a Manila-based think tank. Tomisaka, from Takushoku University, highlighted that China is pursuing stable growth amid the uncertainty of policies, such as US President Donald Trump's tariff measures, by strengthening regional networks and bilateral frameworks.

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History of this topic

GDP showing more signs of stabilizing
1 day, 2 hours ago

GDP showing more signs of stabilizing

China Daily  

Wu Xiaoqiu, Huang Qifan and Peng Sen at a high-level dialogue on China's reform and economic prospects during the ongoing Boao Forum for Asia Annual Conference 2025. This recovery trend is irreversible," Peng Sen, president of the China Society of Economic Reform, said during a high-level dialogue on China's reform and economic prospects during the ongoing Boao Forum for Asia …

India’s GDP Expected To Grow 6.5% In FY26, With 75-100 Bps Rate Cut, Says Report
1 day, 18 hours ago

India’s GDP Expected To Grow 6.5% In FY26, With 75-100 Bps Rate Cut, Says Report

ABP News  

India's GDP is expected to grow at 6.5 per cent in the fiscal year ending March 31, 2026, demonstrating the country's resilience in the Asia-Pacific region amid global uncertainties, according to S&P Global Ratings’ report released on Tuesday. This projection assumes a normal monsoon season and soft commodity prices, particularly crude oil, as noted in the global financial institution's latest …

New GDP target shows emphasis on necessity, feasibility
Trending News
3 weeks ago

New GDP target shows emphasis on necessity, feasibility

China Daily  

China's determination to keep its economic growth target for this year at around 5 percent, unchanged from the previous year, reflects a realistic and pragmatic approach in the face of external headwinds and internal economic adjustments, global experts said. Noriyuki Kawamura, emeritus professor at Nagoya University of Foreign Studies in Japan, said: "The target of around 5 percent GDP growth …

GDP target heralds steady growth
3 weeks ago

GDP target heralds steady growth

China Daily  

President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attend the opening meeting on Wednesday of the third session of the 14th National People's Congress at the Great Hall of the People in Beijing. LI XUEREN / XINHUA China is keeping the GDP …

China confident of hitting growth rate
3 weeks 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, …

China eyes five percent growth despite U.S. trade war
3 weeks ago

China eyes five percent growth despite U.S. trade war

The Hindu  

China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports. A government work report vowed to make domestic demand the "main engine and anchor" of growth, adding that Beijing should "move faster to address inadequate domestic demand, …

China sticks to 5% GDP growth target amid trade war and economic challenges
3 weeks, 1 day 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
3 weeks, 1 day 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 …

Chinese economy expected to rebound continuously in 2025: economist
Trending News
1 month, 2 weeks ago

Chinese economy expected to rebound continuously in 2025: economist

China Daily  

The skyline of Beijing. The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. The unprecedented popularity of the domestic cultural and travel consumption market during the Spring Festival holiday and the emergence of DeepSeek AI model have contributed to people's confidence in the …

CPI growth accelerates on holiday spending
1 month, 2 weeks ago

CPI growth accelerates on holiday spending

China Daily  

China's economy is showing fresh signs of recovery as consumer inflation accelerated in January due to the influence of the Spring Festival holiday, official data showed on Sunday, pointing to a gradual recovery in domestic demand. Feng said the recovery in market demand has yet to provide strong support for industrial products price growth, noting that the "timing of the …

CPI growth accelerates on holiday spending
1 month, 2 weeks ago

CPI growth accelerates on holiday spending

China Daily  

China's economy is showing fresh signs of recovery as consumer inflation accelerated in January due to the influence of the Spring Festival holiday, official data showed on Sunday, pointing to a gradual recovery in domestic demand. Feng said the recovery in market demand has yet to provide strong support for industrial products price growth, noting that the "timing of the …

China likely to achieve 5% growth this year
1 month, 3 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 …

GDP now in 'medium growth' phase
2 months ago

GDP now in 'medium growth' phase

China Daily  

Joe Ngai China is firmly entrenched in a "medium growth" phase as its economy transitions into a more mature state, and its GDP will likely grow around 5 percent this year and beyond, said Joe Ngai, chairman of management consultancy McKinsey China. "I think that China is solidly in a medium growth phase as we are transitioning into a more …

GDP growth of 5% hits target
2 months, 1 week ago

GDP growth of 5% hits target

China Daily  

CHINA DAILY China's gross domestic product expanded 5 percent in 2024, official data showed on Friday, which is in line with the country's preset target of around 5 percent and provides a solid base for stabilizing the economy this year. Economists said China's economy will likely continue to grow at around 5 percent this year if the government adopts more …

GDP growth of 5% hits target
2 months, 1 week ago

GDP growth of 5% hits target

China Daily  

CHINA DAILY China's gross domestic product expanded 5 percent in 2024, official data showed on Friday, which is in line with the country's preset target of around 5 percent and provides a solid base for stabilizing the economy this year. Economists said China's economy will likely continue to grow at around 5 percent this year if the government adopts more …

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
2 months, 1 week 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, reaching target helped by strong exports, stimulus measures
2 months, 1 week ago

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

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. Read our privacy policy China's economy expanded at a …

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
2 months, 1 week 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 …

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure
2 months, 1 week ago

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure

Firstpost  

Shanghai and Guangdong, key economic powerhouses, both announced growth targets of “around 5 per cent,” down from the 5.5-6 per cent range set by several central and eastern provinces earlier this week China faces economic challenges as Trump hints at steep tariffs and other challenges. File image/Reuters China’s major exporting hubs have cut their economic growth targets for 2025, citing …

Prospects for 2025 are visible in the end-of-year haze
2 months, 3 weeks ago

Prospects for 2025 are visible in the end-of-year haze

Live Mint  

Wintry January mornings are known to obscure clear 20/20 vision. With Donald Trump promising to weaponize tariffs and clamp immigrant flows, while mocking climate change and taking an axe to the US’s multilateral commitments, large-scale unpredictability is likely to undergird the next 12 months. One direct outcome of Trump imposing reciprocal tariffs against Indian exports will be a marginal erosion …

China raises its estimate for the size of its economy in 2023
3 months ago

China raises its estimate for the size of its economy in 2023

Associated Press  

BANGKOK — China’s economy grew a bit more in 2023 than earlier thought, but the revision has not affected forecasts for “about 5%” growth in the GDP this year, the government said Thursday. The estimate for total economic activity, or GDP, in 2023 for the world’s second largest economy was increased by about 2.7% to 129.4 trillion yuan, based on …

China’s weak consumption drags on economy as Trump tariff threat looms
3 months, 1 week ago

China’s weak consumption drags on economy as Trump tariff threat looms

CNN  

Beijing Reuters — China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. “China’s economic policies have been amazingly consistent in promoting manufacturers over consumers despite clear signs of lasting weakness,” said Dan Wang, a …

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 …

Steps ready for stable growth of the economy
3 months, 2 weeks 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 …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
3 months, 2 weeks ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

Push on to up consumption's GDP share
4 months ago

Push on to up consumption's GDP share

China Daily  

Tourists shop at a duty-free shopping mall in Sanya, South China's Hainan province. Zhu Min, former deputy managing director of the International Monetary Fund and former deputy governor of the People's Bank of China, the country's central bank, warned that the share of world trade in GDP could drop due to the United States' potential tariffs. Speaking at the 2024 …

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 …

GDP goal to be met on positive cues
4 months, 1 week ago

GDP goal to be met on positive cues

China Daily  

The skyline of Beijing. Citing a package of incremental policy measures announced in recent months, Robin Xing, chief China economist at Morgan Stanley, noted that "recent policy dynamics signal a strong turning of overall government policy in trying to bolster economic growth, boost confidence and stabilize expectations." Xing said he expects to see additional fiscal stimulus in the coming months, …

China's Growth: A Catalyst for Global Prosperity
4 months, 3 weeks ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
4 months, 3 weeks ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

Growth target within reach on policy effort
5 months, 1 week ago

Growth target within reach on policy effort

The Independent  

With a potent set of new policies being implemented on various fronts, China is on course to achieving its full-year economic growth target of around 5 per cent, signalling the resilience of the country’s economy despite challenges at home and abroad, said a senior expert. Chen Wenling, chief economist at the China Centre for International Economic Exchanges in Beijing, said …

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 …

Efforts to boost consumption urged
7 months ago

Efforts to boost consumption urged

China Daily  

A growing number of economists are calling on Chinese policymakers to ramp up efforts to revive consumer sentiment and stabilize expectations, in a bid to address the pressing challenges of still-weak domestic demand and to bolster the world's second-largest economy. Among the traditional trio driving China's economic development — exports, investment and consumption — the economists emphasized that boosting consumption …

Experts see economy stabilizing
7 months, 1 week ago

Experts see economy stabilizing

China Daily  

China's economy is likely to gradually stabilize in the third and fourth quarters, as policymakers are poised to step up stimulus measures aimed at stabilizing growth and deepening economic structural reforms, prominent economists said on Monday. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces …

China on track to reach economic growth goal
7 months, 1 week 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 …

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 …

Responsive economic policies have mitigated risks and shock waves
8 months ago

Responsive economic policies have mitigated risks and shock waves

China Daily  

The skyline of Beijing. The IMF, as well as other international institutions such as Morgan Stanley, Goldman Sachs and UBS, all raised their forecast for China's economic growth this year, mainly because of the overall performance of the Chinese economy in the first half of the year and the effectiveness it has displayed in preventing and resolving risks. Since March, …

China's economic performance resilient amid challenges
8 months, 1 week 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, 1 week 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 …

Consumer confidence important to ensuring positive economic growth
8 months, 1 week ago

Consumer confidence important to ensuring positive economic growth

China Daily  

Employees work at an electrical machinery manufacturer in Haian, Jiangsu province. ZHAI HUIYONG/XINHUA China's gross domestic product grew 5.0 percent year-on-year in the first half of this year, National Bureau of Statistics data show, while GDP grew 5.3 percent in the first quarter and 4.7 percent in the second quarter, showing signs of decelerating growth. The momentum of global economic …

Chinese economy gathers steam amid targeted policy mix
8 months, 1 week ago

Chinese economy gathers steam amid targeted policy mix

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. BEIJING - Multiple indicators have pointed to improved performance of the Chinese economy in the first half, signaling sustained recovery momentum as the country navigates hurdles and headwinds with a targeted policy mix. Speaking at a symposium on the economic situation last week, Premier Li Qiang said that the …

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 …

World Bank and Barclays raise GDP forecast for country
8 months, 2 weeks ago

World Bank and Barclays raise GDP forecast for country

The Independent  

Foreign institutions have raised their forecasts for China’s economic growth this year amid its better-than-expected first-quarter performance, strong policy stimulus and resilience in exports. Barclays recently revised its China GDP forecast from 4.4 per cent to 5 per cent, and the World Bank changed its forecast from 4.5 per cent to 4.8 per cent. China is on track for a …

Economists say H1 GDP likely to top 5%
8 months, 2 weeks ago

Economists say H1 GDP likely to top 5%

China Daily  

China's economy will likely expand by over 5 percent in the first half of this year amid strong policy stimulus, robust industrial production and stable external demand, providing a solid base for achieving its annual growth target of around 5 percent, economists said on Monday. "China's economy has made a good start at the beginning of the year and the …

Effective policy to steer economy forward
8 months, 3 weeks ago

Effective policy to steer economy forward

China Daily  

Employees work on the production line of a textile company in Ganzhou, Jiangxi province. China's economy is on track for steady recovery in the second half given effective policy stimulus measures and thriving new growth drivers, said economists and executives. The Caixin China General Manufacturing Purchasing Managers' Index rose to 51.8 in June from 51.7 in May, the highest level …

Consumption growth points stimulated and nurtured
9 months ago

Consumption growth points stimulated and nurtured

China Daily  

A booth promotes Huawei's HarmonyOS during an expo in Shanghai. CHEN YUYU/FOR CHINA DAILY A circular, jointly issued by some central departments on Monday, stated that China is moving to foster new consumption scenarios in multiple sectors, including tourism, automobiles and electronics, aiming to boost consumer demand and promote the steady growth of consumption. The circular also detailed measures on …

Consumption growth points stimulated and nurtured
9 months ago

Consumption growth points stimulated and nurtured

China Daily  

A booth promotes Huawei's HarmonyOS during an expo in Shanghai. CHEN YUYU/FOR CHINA DAILY A circular, jointly issued by some central departments on Monday, stated that China is moving to foster new consumption scenarios in multiple sectors, including tourism, automobiles and electronics, aiming to boost consumer demand and promote the steady growth of consumption. The circular also detailed measures on …

China's new development means opportunities for world
9 months, 1 week 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 …

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