China sets 2025 growth target at roughly 5%, defying tariff pressure

The Korea Times

The Korea Times

Summary

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China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports.
International Business Times AU
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The headline growth figure announced by Premier Li Qiang at an annual Communist Party conclave on Wednesday also included a rare rise in fiscal funding, allowing China’s budget deficit to reach 4 percent this year as it battles stuttering employment for young people, low consumer demand and a property sector debt crisis.
Aljazeera
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Beijing: China will ramp up spending to kick-start its sluggish economy and counter the pressure applied by US President Donald Trump’s tariff war, in the process creating its highest budget deficit in 30 years.
Brisbane Times
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Having only reached last year's economic growth target of roughly 5% with a late stimulus push, Premier Li Qiang is expected to lay out a similarly lofty, but even harder to reach goal for 2025 in front of the National People's Congress (NPC).
Reuters

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