China Confident of 5% Growth Target for 2025 Amid Global Challenges

China’s National Development and Reform Commission (NDRC) expressed strong confidence in achieving the nation’s 2025 economic growth target of around 5%. Zhao Chenxin, vice chair of the NDRC, stated at a press conference on Monday that new stimulus policies would be introduced during the second quarter to support recovery as external pressures, such as U.S. tariffs, intensify.

Despite headwinds from U.S. President Donald Trump’s tariffs, Chinese policymakers remain optimistic, believing Washington may ease measures first. This would enable Beijing to continue rolling out its planned economic stimulus throughout the year, analysts noted.

Zhao emphasized the need to solidify the foundation of China’s economic recovery amid rising global uncertainties. He added that the government would adjust its policy tools in response to evolving economic conditions.

At the same event, Zou Lan, deputy governor of the People’s Bank of China, reaffirmed the central bank’s commitment to a moderately loose monetary policy. Zou highlighted plans to boost economic support while maintaining yuan stability. He also reassured that fluctuations in the U.S. bond market would have limited impact on China’s foreign assets, vowing that the central bank would stabilize market expectations and counter any market-distorting activities.

Chinese authorities continue to signal strong policy support aimed at maintaining steady growth and financial stability as the global economic landscape becomes increasingly volatile.