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China sets GDP growth target at 'around 5%' amid rising trade war

Published 1 week ago1 minute read

China People's Congress

Premier Li Qiang signals more spending, stresses urgency to boost domestic demand

20250305 Xi at NPC

China's annual National People's Congress gets underway on March 5 at the Great Hall of the People in Beijing. (Photo by Tomoki Mera)

March 5, 2025 09:27 JST

Updated on March 5, 2025 14:26 JST

BEIJING -- China set its 2025 gross domestic product growth target at "around 5%" as the annual National People's Congress kicked off on Wednesday, as the world's second-largest economy battles an intensifying trade war with the U.S. and weak domestic demand.

The goal was unveiled in the "government work report" that Premier Li Qiang delivered to the NPC at the start of China's weeklong sitting of the top legislative body at Beijing's Great Hall of the People.

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Nikkei Asia
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