China has set a growth target of around 5% for 2025, acknowledging challenges posed by trade tensions and domestic economic issues. Chinese Premier Li Qiang made the announcement at the opening session of the National People’s Congress, the country’s rubber-stamp legislature. The 5% target reflects the government’s efforts to boost economic growth amid an increasingly complex global landscape. Despite this ambitious goal, Li Qiang also acknowledged the difficulties that China faces in its pursuit of sustainable development and competitiveness. The Chinese economy has been impacted by various factors, including US trade policies and domestic structural challenges. To achieve its 2025 target, China will need to address these issues and implement policies that promote innovation, infrastructure development, and social stability.
Source: https://edition.cnn.com/2025/03/04/world/video/china-npc-gdp-growth-challenges-digvid