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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read