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China's economic growth target of around 5 percent this year is in line with the country's situation and the laws of economic development, and China is fully confident of achieving this target.
China's policymakers have vowed to adopt a city-specific approach for fine-tuning or slashing restrictive measures in home purchases, and stem the downturn as well as restore stability in the real estate market.
China is keeping the GDP growth target for 2025 unchanged at "around 5 percent", the Government Work Report said on Wednesday.
Hainan province is on track to achieve independent customs operations by the end of this year, marking a significant step toward establishing the Hainan Free Trade Port as a premier gateway for China's opening-up in the new era.
China's emphasis on developing new quality productive forces based on local conditions and accelerating the establishment of a modern industrial system will provide strong momentum for long-term economic growth.
China's determination to keep its economic growth target for this year at around 5 percent, unchanged from the previous year, reflects a realistic and pragmatic approach in the face of external headwinds and internal economic adjustments.
Premier Li Qiang called on Wednesday for proactive steps to push for the consistent upturn of the Chinese economy, in order to continuously enhance people's well-being and maintain social harmony and stability.
China’s 2025 government work report has set the GDP growth target at around 5 percent for the year. This target is achievable because it aligns with China's economic development realities, said Shen Danyang, head of the government work report drafting team and director of the State Council Research Office, on Wednesday.
China will take steps to respond to green trade barriers as it advances toward carbon neutrality, says the Government Work Report that was delivered at the opening of the third session of the 14th National People's Congress on Wednesday.
China will introduce new policies to strengthen the supervision of the platform economy to foster a healthier market and support platform firms to play a bigger role in competing globally.
China targets to create over 12 million new urban jobs in 2025, following 12.56 million jobs added in 2024, in an effort to further stabilize and expand employment.
The Trump administration went ahead with its tariff war on Tuesday, imposing 25 percent import duties on Canada and Mexico and doubling its 10 percent charges on Chinese goods.
China will step up its efforts to improve support systems for agriculture, benefiting farmers, and will enrich rural areas this year, a Government Work Report published on Wednesday said.
China has emerged as the world's busiest country in terms of passenger and cargo movements, thanks to the rapid growth of its transport, China's Transport Minister, Liu Wei, said on Wednesday.
China will redouble its efforts to stabilize the job market this year and promote full and higher-quality employment to ensure people enjoy greater work satisfaction and safety.
The Chinese government has outlined its major economic goals and policy directions for 2025 in a work report submitted Wednesday to the national legislature for deliberation.
U.S. President Donald Trump's imposition of new tariffs could disrupt North American supply chains and especially damage the continent's auto industry, experts say.
China will guide its banking and insurance sectors to channel more funds into early-stage startups, long-term research and development projects, and hard tech sectors.
China will introduce city-specific policies on adjusting or reducing property transaction restrictions to make continued efforts to stem the downturn and restore stability in the real estate market
China will deepen comprehensive reforms for investment and financing in the capital market, and encourage the entry of long- and medium-term capital into the market
China will launch special initiatives to boost consumption in 2025, including issuing ultra-long special treasury bonds of 300 billion yuan (about 42 billion U.S. dollars) to support consumer goods trade-in programs.
China will support the development of unicorn and gazelle companies in 2025, according to a government work report submitted Wednesday to the national legislature for deliberation.
China will promote the healthy and well-regulated development of the platform economy and give better play to its role in inspiring innovation, expanding consumption, and stabilizing employment, according to a government work report submitted Wednesday to the national legislature for deliberation.
China will improve contingency plans for handling external shocks so as to effectively safeguard financial security and stability, according to a government work report submitted Wednesday to the national legislature for deliberation.
China will refine and develop new structural monetary policy instruments to provide stronger support for sound development of the real estate sector and the stock market, according to a government work report submitted Wednesday to the national legislature for deliberation.
China will promote free preschool education in a phased way as part of the country's efforts to build a high-quality education system, according to a government work report submitted Wednesday to the national legislature for deliberation.
China will advance integrated and clustered development of strategic emerging industries along with other efforts to foster emerging and future industries.
China will cut required reserve ratios and interest rates when appropriate in 2025, according to a government work report submitted Wednesday to the national legislature for deliberation.
China targets an economic growth rate of around 5 percent in 2025, according to a government work report submitted Wednesday to the national legislature for deliberation.
China's new government debt will total 11.86 trillion yuan (about 1.66 trillion U.S. dollars) in 2025, an increase of 2.9 trillion yuan over last year, enabling a notably higher level of fiscal spending
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