China's Economic Growth Target for 2025

SOURCE www.nbcnews.com
China sets economic growth target at around 5% for 2025 despite challenges like a trade war with the U.S. and a sluggish economy. The government plans to adopt a more proactive fiscal policy and issue ultra-long term bonds to stimulate growth.

Key Points

  • Government aims for around 5% economic growth in 2025
  • Plans to increase deficit spending and issue 1.3 trillion yuan in ultra-long term bonds
  • Focus on reducing dependence on real estate market and developing a high-tech economy

Pros

  • Stabilizing economic growth amidst challenges
  • Adopting a proactive fiscal policy to stimulate the economy
  • Plans to issue ultra-long term bonds for economic development

Cons

  • Facing threats from U.S. tariffs on Chinese products
  • Challenges from a real estate slump and sluggish consumer spending