China has set a target of approximately 5 percent economic growth for 2025, as stated in a government work report submitted to the national legislature for review on Wednesday.
The report also details several key development objectives for the year, including maintaining an urban unemployment rate of around 5.5 percent, creating over 12 million new urban jobs, and achieving an approximate 2 percent rise in the consumer price index.
In 2024, China successfully reached a 5 percent economic growth rate, driven by a comprehensive policy package and various pro-growth measures that strengthened economic momentum.
As 2025 marks the concluding year of China’s 14th Five-Year Plan (2021-2025) and plays a crucial role in shaping the next development blueprint, analysts believe the policies outlined in the report will not only ensure continued growth this year but also support the country’s long-term modernization efforts.
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