March 5, 2025

China on Wednesday set a growth target of around 5 percent for its economy in 2025, which remains the same as last year’s goal, indicating top policymakers’ solid confidence in the stable growth of the world’s second-largest economy despite rising global risks and challenges.  

The annual official growth target was unveiled in the Government Work Report delivered by Premier Li Qiang to the national legislature, which began its annual session on Wednesday morning. 

In addition to the GDP growth target, the Government Work Report also contained a slew of other targets. The deficit-to-GDP ratio, another closely watched figure, was set at around 4 percent for 2025. The country has set the surveyed urban unemployment rate at around 5.5 percent for 2025, while the CPI is set at around 2 percent in 2025.

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https://www.globaltimes.cn/page/202503/1329505.shtml