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 midst of a property crisis, and consumers aren’t spending as freely as before, despite that the government expects “around 5 per cent” GDP growth for 2024. Announcing the “ambitious” numbers, Chinese Premier Li Qiang did not miss to highlight that “the underlying trend of economic recovery and long-term growth remains unchanged and will remain so.” He also asked China to be “prepared for all risks and challenges and not lose sight of worst-case scenarios.” China and its worrying economic situation is making headlines over the past months, but why the country’s 5 per cent GDP growth target is again a big news. Also, announcing 5 per cent GDP growth for 2024, the premier said, “achieving this year’s targets will not be easy.” 2 – Premier won’t meet the press The numbers announced by Li surely raises questions among people and media, especially foreign journalists, but China has broken the tradition running for three decades and has announced that the premier will not address press at the end of the meetings this year.

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History of this topic

GDP showing more signs of stabilizing
4 days, 7 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 …

High-quality growth offers global boost
Trending News
6 days, 7 hours ago

High-quality growth offers global boost

China Daily  

Faced with growing external uncertainties, China's focus on advancing its high-quality development agenda will not only bolster domestic resilience but also contribute to global economic stability and prosperity, senior officials and businesses executives said at the China Development Forum 2025 in Beijing. Han Wenxiu, executive deputy director of the Office of the Central Commission for Financial and Economic Affairs, said, …

High-quality growth offers global boost
Trending News
6 days, 7 hours ago

High-quality growth offers global boost

China Daily  

Faced with growing external uncertainties, China's focus on advancing its high-quality development agenda will not only bolster domestic resilience but also contribute to global economic stability and prosperity, senior officials and businesses executives said at the China Development Forum 2025 in Beijing. Han Wenxiu, executive deputy director of the Office of the Central Commission for Financial and Economic Affairs, said, …

Chinese economy on shaky ground in first two months of 2025, data shows
1 week, 6 days ago

Chinese economy on shaky ground in first two months of 2025, data shows

Firstpost  

Data also showed that unemployment rose, while housing prices continued to fall in most major cities. File image/AFP China’s economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing’s drive to boost flagging consumption. Data from Beijing’s National Bureau of Statistics on Monday offered some positive signs, showing …

China's retail sales, investment pick up pace
1 week, 6 days ago

China's retail sales, investment pick up pace

China Daily  

China's economy continued to recover in the first two months this year as consumption and investment showed improvement, official data showed on Monday, making a steady start for 2025. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.9 percent over the January-February period from a year earlier after a …

China's retail sales, investment pick up pace
1 week, 6 days ago

China's retail sales, investment pick up pace

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2025-03-17 10:00 China's economy continued to recover in the first two months this year as consumption and investment showed improvement, official data showed on Monday, making a steady start for 2025. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.9 percent over …

Weifang sets bold vision for sustainable growth and innovation in 2025
2 weeks, 4 days ago

Weifang sets bold vision for sustainable growth and innovation in 2025

China Daily  

In 2024, Weifang achieved remarkable economic growth, with its GDP surpassing 820.32 billion yuan, solidifying its position as the fourth-largest economy in Shandong province. The city's 5.9 percent year-on-year GDP growth reflects strong industrial expansion, rising consumer activity, and sustained investment momentum. Meanwhile, the city's industrial economy saw impressive growth, with industrial output from enterprises above designated size increasing by …

China set to stimulate growth amid global uncertainty
2 weeks, 5 days ago

China set to stimulate growth amid global uncertainty

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. Experts provide insights on the country's economic trends amid global uncertainties, and delve into China's evolving role as a primary driver of global growth. Below are some excerpts: Stimulating domestic demand key to stabilizing markets The Government Work Report submitted to the National People's Congress, China's …

China struggles to shake off disinflationary pressures as trade threats loom
3 weeks ago

China struggles to shake off disinflationary pressures as trade threats loom

Live Mint  

China’s consumer prices nosedived in February, in a sign of stubborn disinflationary pressures, ending a year’s run of tepid price growth and underscoring the challenges policymakers face in stimulating domestic demand as trade tensions intensify. China’s budgetary deficit targets imply a nominal growth target at 4.9% on year, as well as an expected gross domestic product deflator—the broadest measure of …

China Consumer Inflation Drops Below Zero for First Time in Year
3 weeks ago

China Consumer Inflation Drops Below Zero for First Time in Year

Live Mint  

-- China’s consumer inflation dropped below zero for the first time in 13 months, a reading skewed by seasonal distortions but also a reminder of persistent deflationary pressures in the economy. A clearer read on China’s inflation trajectory will emerge in March, as investors look for signs that the government’s stimulus is translating into stronger domestic demand. It’s a signal …

每日一词 | 2025年发展主要预期目标 key development goals for 2025
3 weeks, 2 days ago

每日一词 | 2025年发展主要预期目标 key development goals for 2025

China Daily  

2025年3月5日，国务院总理李强在政府工作报告中提出，今年发展主要预期目标是：国内生产总值增长5%左右；城镇调查失业率5.5%左右，城镇新增就业1200万人以上；居民消费价格涨幅2%左右。 China targets an economic growth rate of around 5 percent in 2025, according to the government work report delivered by Premier Li Qiang on March 5, 2025. The report also outlines an array of other key development goals for this year, including a surveyed urban unemployment rate of around 5.5 percent, over 12 million new urban jobs, and an …

每日一词 | 2025年发展主要预期目标 key development goals for 2025
3 weeks, 2 days ago

每日一词 | 2025年发展主要预期目标 key development goals for 2025

China Daily  

2025年3月5日，国务院总理李强在政府工作报告中提出，今年发展主要预期目标是：国内生产总值增长5%左右；城镇调查失业率5.5%左右，城镇新增就业1200万人以上；居民消费价格涨幅2%左右。 China targets an economic growth rate of around 5 percent in 2025, according to the government work report delivered by Premier Li Qiang on March 5, 2025. The report also outlines an array of other key development goals for this year, including a surveyed urban unemployment rate of around 5.5 percent, over 12 million new urban jobs, and an …

GDP target heralds steady growth
3 weeks, 3 days 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, 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, …

Country should explore strengths to consolidate base for recovery
3 weeks, 3 days ago

Country should explore strengths to consolidate base for recovery

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. This year, the economy is poised to benefit from the synergistic effects of innovation-driven growth, domestic demand expansion, private enterprise empowerment and the revaluation of Chinese assets by international capital. DeepSeek, a Chinese private artificial intelligence startup, exemplifies the breakthrough advancements in China's AI sector, even …

Hard-won 5 percent growth solid foundation for 2025
3 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 …

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

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

China eyes five percent growth despite U.S. trade war
3 weeks, 3 days 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, …

Sustaining economic growth and other takeaways from the start of China’s legislative session
3 weeks, 3 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
3 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
3 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 …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Shanghai aims to play leading role in Chinese-style modernization
1 month, 1 week ago

Shanghai aims to play leading role in Chinese-style modernization

China Daily  

By WANG YING in Shanghai | chinadaily.com.cn | Updated: 2025-02-19 22:13 As part of its efforts to become a socialist, modern and international metropolis with global influence, Shanghai will strive to play a leading role in Chinese-style modernization, and make high quality development, further deepen reform and expand opening-up, promoting integrated development of scientific, technological and industrial innovation as its …

Open China continues to drive global growth
1 month, 1 week ago

Open China continues to drive global growth

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. This underscores the growing importance of the Belt and Road Initiative in strengthening trade ties and economic cooperation between China and other developing countries, consolidating the country's role as a key player in global trade and infrastructure development. While the Global South seeks access to China's vast market for …

Open China continues to drive global growth
1 month, 1 week ago

Open China continues to drive global growth

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. This underscores the growing importance of the Belt and Road Initiative in strengthening trade ties and economic cooperation between China and other developing countries, consolidating the country's role as a key player in global trade and infrastructure development. While the Global South seeks access to China's vast market for …

GDP of 27 Chinese cities surpasses 1 trillion yuan in 2024
1 month, 1 week ago

GDP of 27 Chinese cities surpasses 1 trillion yuan in 2024

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. The gross domestic product of 27 Chinese cities surpassed 1 trillion yuan in 2024, according to People's Daily overseas edition on Monday. Shanghai, China's financial hub, and Beijing, the capital city, claimed the first and second positions in the rankings, with respective GDPs of 5.39 trillion yuan and 4.98 …

China's economy poised for steady growth in 2025: central bank
1 month, 2 weeks ago

China's economy poised for steady growth in 2025: central bank

China Daily  

BEIJING -- China's economy is expected to maintain stable growth in 2025, according to the Q4 2024 monetary policy report released by the People's Bank of China on Thursday. China will adopt a more proactive fiscal policy and a moderately loose monetary policy, prioritizing the stabilization of prices at reasonable levels, the central bank said. Monetary authorities will deepen market-driven …

Bold steps needed to boost economy
1 month, 2 weeks 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's economy poised for steady growth in 2025: central bank
1 month, 2 weeks ago

China's economy poised for steady growth in 2025: central bank

China Daily  

BEIJING -- China's economy is expected to maintain stable growth in 2025, according to the Q4 2024 monetary policy report released by the People's Bank of China on Thursday. China will adopt a more proactive fiscal policy and a moderately loose monetary policy, prioritizing the stabilization of prices at reasonable levels, the central bank said. Monetary authorities will deepen market-driven …

China has to embrace innovation-driven future
1 month, 2 weeks ago

China has to embrace innovation-driven future

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China's entry into the new phase of economic development gives rise to several questions: Can it establish high-quality high-tech industries to sustain long-term growth? According to labor economists and digital technology experts quoted in "China 2049: Economic Challenges of a Rising Global Power" — …

China has to embrace innovation-driven future
1 month, 2 weeks ago

China has to embrace innovation-driven future

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China's entry into the new phase of economic development gives rise to several questions: Can it establish high-quality high-tech industries to sustain long-term growth? According to labor economists and digital technology experts quoted in "China 2049: Economic Challenges of a Rising Global Power" — …

Focus to attract global capital that aligns with long-term growth goals
Trending News
1 month, 2 weeks ago

Focus to attract global capital that aligns with long-term growth goals

China Daily  

By Zhong Nan | China Daily | Updated: 2025-02-10 09:08 In years gone by, global companies, crucial to China's long-term economic success, established factories in China's coastal provinces, especially Guangdong, Zhejiang and Jiangsu. This strategic focus aims to attract global capital that aligns with China's long-term growth goals. Moreover, China's commitment to environmental sustainability opens new avenues for businesses specializing …

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, 3 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, 3 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 …

Consumers to play bigger role in spurring growth
2 months ago

Consumers to play bigger role in spurring growth

China Daily  

A consumer checks out Lenovo laptops in Shanghai in May. CHINA DAILY China's consumption, powered by a more proactive fiscal policy and a moderately loose monetary policy, will bring out greater vitality and play a bigger role in spurring overall economic growth this year, said officials and executives. In particular, the country's trade-in initiatives, which have contributed to a more …

GDP now in 'medium growth' phase
2 months, 1 week 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 …

McKinsey regional chief says confident in Chinese economy
Trending News
2 months, 1 week 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 …

China's economic growth set to higher than global average
2 months, 1 week ago

China's economic growth set to higher than global average

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2025-01-22 18:32 Ernesto Torres Cantu, head of International at Citi. "The private sector in China is truly remarkable, with business leaders who are incredibly ambitious, globally-minded, and at the forefront of technological innovation," said Ernesto Torres Cantu, head of International at Citi with China Daily. This dynamism in the private sphere is a …

Fruitful 5 percent growth is certainty that China's economy brings to world
2 months, 1 week 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 …

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 reports robust 2024 growth after wobbles prompt stimulus
2 months, 1 week ago

China reports robust 2024 growth after wobbles prompt stimulus

Live Mint  

SINGAPORE—China said its economy expanded by 5% last year, formally hitting its official growth target in a difficult year that saw officials respond to a sharp summertime deterioration in key indicators with its most aggressive stimulus in years. And it faces a further risk this year with U.S. President-elect Donald Trump’s pledge to impose stiffer tariffs on Chinese imports, which …

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 …

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