The Beijing Hour
China sets economic targets for 2025, vowing to boost AI, 6G, home consumption
Mar 5, 2025
Wang Xin-sung, an associate professor at Beijing Normal University, and reporter Do Hongyu delve into China's ambitious economic goals, setting a 5% GDP growth target for 2025. They discuss local authorities' strategies to bolster businesses for global expansion and the impact of U.S. tariffs on Chinese goods. The conversation highlights China's focus on enhancing AI and 6G technologies, while navigating geopolitical challenges in trade. Their insights reveal a nuanced perspective on the nation's evolving economic landscape.
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Quick takeaways
- China has set a GDP growth target of around 5% for 2025, emphasizing employment stabilization and domestic consumption amid global uncertainties.
- Local authorities are enhancing support for businesses to expand internationally, improving infrastructure and financial aid to boost global competitiveness.
Deep dives
China's Economic Growth Target
China has set its GDP growth target for the year at around 5%, as announced during the annual session of the National People's Congress. Premier Li Cheng highlighted this target while discussing key tasks for the year, emphasizing the importance of stabilizing employment and enhancing the people's well-being. The government aims to create over 12 million new urban jobs and implement a moderately loose monetary policy to foster economic stability. This growth target is seen as realistic despite global economic uncertainties, reflecting China's commitment to promoting domestic consumption and innovation.
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