China sets GDP target of 5% for 2025 amid tariff war with Trump
Economists believe that meeting the target will be challenging as Beijing grapples with Donald Trump’s new trade war
China has set its GDP target for 2025 at “around 5%”, a figure which was unveiled by Premier Li Qiang at the opening session of the National People’s Congress (NPC) in Beijing on Wednesday.
Li announced the growth target in the annual government work report, which also outlined plans to stabilise economic growth by boosting domestic demand and creating 12m new urban jobs.
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