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5 Takeaways from China’s Economic Briefing at the ‘Two Sessions’


Photo by Public Domain
Photo by Public Domain

Summary


  • China aims for a 5% GDP growth target in 2025, focusing on emerging industries to drive economic momentum.

  • The government is addressing challenges in foreign trade, with an emphasis on cross-border e-commerce and stabilizing exports.

  • China plans to avoid a trade war, but it remains committed to defending its economic policies amidst external pressures.


 


At the annual “Two Sessions” economic briefing, Zheng Shanjie, Chairman of the National Development and Reform Commission (NDRC), expressed confidence in China’s 5% GDP growth target for 2025. The government believes that the country has the necessary foundation to achieve this goal despite external economic pressures. Notably, emerging industries now contribute around 18% of the country’s GDP, a figure that continues to rise as new sectors, including technology and green energy, gain traction.


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