The Chinese government announced its goal for GDP growth of around 5% by 2025. This information was conveyed by Premier Li Qiang during the opening of the annual session of the National People's Congress. He also emphasized the importance of stabilizing the country's economy after China managed to avoid negative GDP growth during the pandemic in 2020.
He also noted that authorities aim to create a more high-level employment rate and improve the quality of life for citizens. Li Qiang also highlighted the necessity of expanding the domestic consumer market and underscored the importance of supporting small and medium-sized enterprises.
"We will continue to implement an active fiscal policy and loosen financial credit instruments to support employment, based on enhanced stability and productivity of macroeconomic policy," stated Li Qiang.
