Indicators
China Sets Bullish Growth Goal of About 5%, Despite US Tariffs
WATCH: Wang Tao, chief China economist at UBS, says the annual work report emphasizes “the importance of boosting domestic demand.”
Source: BloombergThis article is for subscribers only.
China set a forceful economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus later this year as they confront a trade war with Donald Trump.
Premier Li Qiang announced the target Wednesday morning as he delivered the government’s annual work report to the national parliament in Beijing. This marks the third straight year has China set that goal, but repeating it again will be difficult.