World Today
How can China stay confident and overcome challenges in 2025?
Jan 1, 2025
Einar Tangen is a Senior Fellow at the Taihe Institute, while Han Hua co-founded the Beijing Club for International Dialogue. They delve into Xi Jinping's New Year address, underlining China's proactive policies for 2025 amidst global challenges. The conversation shifts to China’s booming ice and snow economy, which could reach 1.2 trillion yuan by 2027, driving winter tourism and youth engagement. Lastly, Dr. Zhang Xin discusses the fallout from halted Russian gas exports to Europe, highlighting its implications for regional energy security in an unsettled geopolitical climate.
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Quick takeaways
- President Xi Jinping's New Year address highlights the necessity for confidence and proactive policies to ensure China's economic growth in 2025.
- The rise of China's ice and snow economy is transforming winter tourism, projected to be valued at 1.2 trillion yuan by 2027, creating new employment opportunities.
Deep dives
China's Economic Confidence
President Xi Jinping’s New Year address emphasized the importance of maintaining confidence in China's economy. He pledged to implement proactive policies in 2025 to ensure continued growth, highlighting the projected GDP growth of over 130 trillion yuan by 2024. Xi stressed the need for unity and resilience in facing both domestic and international challenges, calling on citizens to work hard while being optimistic about future prospects. This message comes as China wraps up its 14th five-year plan and prepares to embark on a new one focused on sustainable and high-quality development.
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