Back to today’s briefing

Story perspectives

China Aims for 5% Growth Amid Trade Tensions

3/5/2025

47 11

Summary

China Targets Growth

China is targeting a GDP growth of approximately 5% for 2025, focusing on boosting domestic demand amid rising trade tensions with the U.S. Premier Li Qiang revealed a significant 7.2% hike in military spending, totaling 1.78 trillion yuan, while pledging to create 12 million jobs and strengthen consumer confidence.

Summary

China Warns U.S.

China has fired a stern warning to the U.S., signaling its preparedness for potential conflict over escalating trade tensions. In response to President Trump's recent tariff increases, which China views as unfair, Beijing emphasizes the need for equal partnership to tackle the pressing fentanyl crisis. The stakes are high as both nations navigate this fraught landscape.

History

Historical Context

China's projected GDP growth of 5% for 2025 reflects a strategic pivot towards domestic consumption amid ongoing U.S. trade tensions. This mirrors past economic shifts, such as the 2008 financial crisis, which compelled China to bolster internal demand to sustain growth and stability.

1 of 3

China Targets Growth

China is targeting a GDP growth of approximately 5% for 2025, focusing on boosting domestic demand amid rising trade tensions with the U.S. Premier Li Qiang revealed a significant 7.2% hike in military spending, totaling 1.78 trillion yuan, while pledging to create 12 million jobs and strengthen consumer confidence.

1 / 3