Macro-economy

China is taking steps to drive economic growth through consumption with the release of the “Special Action Plan for Boosting Consumption.” Issued by the General Office of the CPC Central Committee and the General Office of the State Council, this plan outlines a comprehensive framework to increase consumer purchasing power, enhance market conditions, and promote sustainable economic development.

China has set its GDP growth target for 2025 at “around 5%”, a figure that reflects a careful balance between economic opportunities and challenges. As one of the most closely watched indicators in the annual government work report, this target plays a crucial role in shaping market expectations, guiding macroeconomic policies, and ensuring stable economic growth.

During the Third Session of the 14th National People’s Congress premier Li Qiang presented China’s stance on the development of foreign trade for 2025. China will remain steadfast in its commitment to opening-up and will steadily extend institutional opening-up and continue to promote the stable development of foreign trade.

China has set ambitious yet pragmatic economic targets for 2025, aiming for steady growth, employment stability, controlled inflation, and environmental sustainability. With a GDP growth target of approximately 5%, the country seeks to balance economic resilience with structural improvements.

On 11 and 12 December 2024 the Central Economic Work Conference (CEWC) was held in Beijing. Led by Xi Jinping, General Secretary of the Communist Party and President of China, the conference reviewed the economic progress made …