Growth target set at 5% despite US tariffs


Reform measures: Xi (left) and Li at the National People’s Congress at the Great Hall of the People in Beijing. The Chinese premier acknowledges that achieving this year’s targets will not be easy and that they must make arduous efforts to meet them. — Reuters

BEIJING: China has set its economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus as they confront a trade war with the United States.

Premier Li Qiang announced the target yesterday as he delivered the government’s annual work report to the national parliament in Beijing.

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