China’s leaders have outlined their plans to tackle deflation, boost science, and counter trade wars ahead of the 2025 target year. In a joint address with President Donald Trump, Chinese Prime Minister Li Qiang emphasized the need to overcome economic challenges. The country aims to improve its economy by promoting scientific research and innovation.
The budget for 2024 will reveal how China plans to tackle deflation, which has been affecting the country’s growth rate. However, despite these economic concerns, China is also focusing on its military expansion and naval power.
According to reports, Chinese warships recently circumnavigated an Australian island, demonstrating the country’s growing long-range naval capabilities. The move is seen as a display of China’s military ambition.
Meanwhile, China’s leaders are holding out hope for “a window of opportunity for peace” in international relations.
Source: https://www.economist.com/china/2025/03/05/chinas-leaders-reveal-their-plan-to-cope-with-2025