Reported about 18 hours ago
China has set its economic growth target for 2025 at approximately 5%, aiming to counteract deflationary pressures and the impact of escalating U.S. tariffs. The decision reflects a commitment to increase fiscal resources, with plans for a 4% budget deficit of GDP, and it's set against a backdrop of rising economic vulnerability due to weak domestic demand and the ongoing trade war. The government intends to boost domestic consumption while supporting technological advancements and high-tech industries, although challenges around income stability and export reliance persist.
Source: YAHOO