China aims to achieve a 5% GDP growth target by 2025

2025-12-31 09:31:25

Abstract generation in progress

Chairman Xi Jinping stated that China has basically achieved its GDP growth target of around 5% in 2025, despite numerous global pressures. He emphasized that the past year has been an “extraordinary” period, with development shifting from chasing speed to focusing on quality, innovation, and risk control, while also warning against reckless investment.

Economic data show clear signs of recovery. The official PMI manufacturing index for December reached 50.1, surpassing the expansion threshold. The composite PMI increased to 50.7, while the non-manufacturing PMI reached 50.2, reflecting improvements in services and construction. The private sector also recorded a similar trend.

However, the recovery is uneven. Large enterprises are experiencing strong growth, while small and medium-sized businesses still face difficulties. The financial market reacts cautiously due to weak demand, sluggish real estate, and no further easing of monetary policy. China is also managing the renminbi exchange rate carefully to stabilize the macroeconomy.

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