China set to stimulate growth amid global uncertainty
2 weeks, 2 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 top legislature, for deliberation on March 5, has set a growth target of 5 percent, with an inflation target of 2 percent, and an official budget deficit of 4 percent of GDP. The policy priorities include stimulating domestic demand, promoting technological innovation, and stabilizing the housing and stock markets. The government's proactive fiscal policy and moderately loose monetary policy are expected to support growth, while the emphasis on risk prevention and tech and green development will help to ensure sustainable and high-quality growth.

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History of this topic

China's stimulus spurs cautious growth upgrades at global banks as trade risks loom
1 day ago

China's stimulus spurs cautious growth upgrades at global banks as trade risks loom

Live Mint  

After a long period of pessimism, a number of global financial institutions have turned more upbeat on China’s economic outlook this year even amid concerns around tariffs, citing a stronger-than-expected recovery fueled by Beijing’s stimulus push. Over the past month, economists at HSBC, ANZ and Citi raised projections for China’s gross domestic product growth to 4.8%, 4.8% and 4.7% from …

GDP showing more signs of stabilizing
1 day, 8 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
3 days, 8 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
3 days, 8 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, …

China's high-tech path to a greener, brighter future
1 week, 3 days ago

China's high-tech path to a greener, brighter future

China Daily  

JIN DING/CHINA DAILY One of the most compelling aspects of China's economic transformation is its strategic embrace of digital technology and artificial intelligence as catalysts for sustainable growth. This refined approach ensures capital allocation aligns with long-term productivity gains and environmental sustainability, reinforcing China's transition toward an innovation-driven economy. China's economic policies are being shaped by its response to global …

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite
1 week, 4 days ago

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite

CNN  

Hong Kong CNN — China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump. The plan builds on Premier Li Qiang’s promise during a major political meeting earlier this month to ensure that the “giant ship of China’s economy” will “sail steadily …

China says it has ‘ample’ policy tools to spur growth
2 weeks, 6 days ago

China says it has ‘ample’ policy tools to spur growth

Live Mint  

China’s finance minister said Thursday that the government has ample policy tools and flexibility to address both internal and external uncertainties, amid escalating trade tensions with the U.S. China’s central bank governor, Pan Gongsheng, said in the same press conference that the bank would cut interest rates and banks’ reserve requirement ratio at an appropriate time this year. To support …

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, …

Country should explore strengths to consolidate base for recovery
3 weeks 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 …

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

Xi Jinping to unveil stimulus plan at China’s NPC as economic recovery faces US tariff threats and domestic challenges
3 weeks, 3 days ago

Xi Jinping to unveil stimulus plan at China’s NPC as economic recovery faces US tariff threats and domestic challenges

Live Mint  

As President Xi Jinping prepares for China’s largest political event of the year, the National People’s Congress, the country shows signs of economic recovery. Amid the uncertainty, China’s policymakers are expected to unveil bold fiscal measures, including an increase in the budget deficit, to combat the economic challenges posed by deflation, a property slump, and the ongoing trade war with …

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 …

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 …

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

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

China Daily  

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 in green technologies and services, aligning with global trends toward …

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 …

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, 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 …

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

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, 3 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 …

China’s Services Activity Jumps as Stimulus Boosts Local Demand
2 months, 3 weeks ago

China’s Services Activity Jumps as Stimulus Boosts Local Demand

Live Mint  

China’s services activity expanded at the fastest pace in nine months while the manufacturing sector grew for a third straight month, signaling improving domestic demand after Beijing’s stimulus blitz. “But the boost probably won’t last more than a few quarters, with Trump likely to follow through on his tariff threat next year and persistent structural imbalances still weighing on the …

Tech opening-up key to Chinese modernization
2 months, 3 weeks ago

Tech opening-up key to Chinese modernization

China Daily  

LI MIN/CHINA DAILY Emphasizing that opening-up is a defining feature of Chinese modernization, President Xi Jinping has said that Chinese modernization must be supported by scientific and technological modernization. International cooperation in technology enhances China's innovation capabilities, and by expanding technological opening-up and collaboration, it can attract top global talents and institutions, thus facilitating the formation of cross-border research teams …

Tech opening-up key to Chinese modernization
2 months, 3 weeks ago

Tech opening-up key to Chinese modernization

China Daily  

LI MIN/CHINA DAILY Emphasizing that opening-up is a defining feature of Chinese modernization, President Xi Jinping has said that Chinese modernization must be supported by scientific and technological modernization. International cooperation in technology enhances China's innovation capabilities, and by expanding technological opening-up and collaboration, it can attract top global talents and institutions, thus facilitating the formation of cross-border research teams …

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 to raise fiscal deficit next year to support struggling economy
3 months ago

China to raise fiscal deficit next year to support struggling economy

Live Mint  

China, the world's second-largest economy, plans to raise fiscal deficit to boost spending in 2025 to support its struggling economy, reported AFP, citing state media. In 2024, China took several measures to boost economic growth, such as cutting interest rates, cancelling restrictions on buying houses and easing the debt burden on local governments. According to economists, more direct fiscal stimulus …

Ground prepared for China's steady growth
3 months ago

Ground prepared for China's steady growth

China Daily  

An aerial drone photo taken on Nov 9, 2023 shows a newly-built residential complex in Feixi County of Hefei City, east China's Anhui province. At the Central Economic Work Conference held recently, the Chinese government identified stabilizing securities and real estate prices as among its priorities for the coming year, marking an unprecedentedly clear commitment to supporting both markets. Regarding …

Six key points to watch as China plans its 2025 economic roadmap
3 months, 1 week 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 …

GDP goal for '25 may stay at 5%
3 months, 1 week ago

GDP goal for '25 may stay at 5%

China Daily  

Luo Zhiheng China's GDP growth target for 2025 could be set at around 5 percent, unchanged from this year, after a top-level meeting outlined more proactive and effective macroeconomic policies for the coming year, to tackle various challenges head-on and push the economy on an upward trajectory, said a senior economist. Luo's comments came after policymakers set next year's agenda …

Chinese economy can brave external risks
Trending News
3 months, 1 week ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Chinese economy can brave external risks
Trending News
3 months, 1 week ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Chinese economy can brave external risks
3 months, 1 week ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

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 …

China to enact more proactive fiscal policy
Trending News
3 months, 1 week ago

China to enact more proactive fiscal policy

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-12-14 13:56 China will enact more proactive fiscal policy and moderately loose monetary policy with detailed measures to be delivered at the two sessions the next year, said an official on Saturday. Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said the move marked …

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 signals more forceful stimulus to come next year
3 months, 2 weeks ago

China signals more forceful stimulus to come next year

Live Mint  

China’s leaders signaled a more forceful policy approach for next year to boost domestic demand, as the world’s second-largest economy braces for escalating trade tensions with the incoming Trump administration. The 24-member Politburo, China’s top decision-making body, pledged Monday in a meeting to implement more proactive fiscal policy and moderately loose monetary policy for next year. Meanwhile, the mention of …

China vows to ramp up moves to spur economic growth in 2025
3 months, 2 weeks ago

China vows to ramp up moves to spur economic growth in 2025

CNN  

China will adopt an “appropriately loose” monetary policy next year, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying Monday. “A more proactive fiscal policy and an appropriately loose monetary policy should be implemented, enhancing and refining the policy toolkit, strengthening extraordinary counter-cyclical adjustments,” the readout said. “We think it points to strong …

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 …

Nation steps up efforts to bolster import and export growth
Trending News
3 months, 3 weeks ago

Nation steps up efforts to bolster import and export growth

China Daily  

A view of a container terminal in Haikou, Hainan province, in October. In the first 10 months, China's total foreign trade value amounted to 36 trillion yuan, representing a 5.2 percent year-on-year increase, and its export share in the global market also remained largely stable. At a news conference last Friday, Vice-Minister of Commerce Wang Shouwen said China's foreign trade …

Nation steps up efforts to bolster import and export growth
Trending News
3 months, 3 weeks ago

Nation steps up efforts to bolster import and export growth

China Daily  

A view of a container terminal in Haikou, Hainan province, in October. In the first 10 months, China's total foreign trade value amounted to 36 trillion yuan, representing a 5.2 percent year-on-year increase, and its export share in the global market also remained largely stable. At a news conference last Friday, Vice-Minister of Commerce Wang Shouwen said China's foreign trade …

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