Official States: China Optimistic About Reaching Its 2025 GDP Growth Goal
China has expressed strong confidence in its ability to meet the GDP growth target set for 2025, as confirmed by official statements.
TroibNews 
China is optimistic about reaching an economic growth target of around 5 percent this year, backed by a solid foundation, strong support, and sufficient guarantees, according to Zheng Shanjie, head of the National Development and Reform Commission, the country’s principal economic planning body. He made these statements during a press conference at the third session of the 14th National People's Congress in Beijing.
Zheng pointed out that the 5 percent target was established through comprehensive analysis, scientific evaluation, and careful consideration. Reflecting on the previous year, he remarked on the resilience of China's economy, which managed to meet its key economic and social development objectives despite facing various challenges.
In 2024, China's annual GDP reached nearly 135 trillion yuan, contributing about 30 percent to global economic growth. He noted the increasingly significant role of new and high-tech sectors as a defining characteristic of the Chinese economy.
According to Zheng, the added value of China's "three new" economies—new industries, new business models, and new forms of commerce—exceeded 18 percent of its GDP, showcasing an upward trend. High-tech manufacturing also experienced substantial growth, with its added value increasing by 8.9 percent, well above the average growth rate for larger industrial enterprises.
Zheng highlighted notable achievements in key industries, mentioning that the production of new energy vehicles surpassed 13 million units, accounting for over 60 percent of global output. The output of integrated circuits grew significantly, with exports exceeding 1.1 trillion yuan, setting a new record. National research and development expenditure exceeded 3.6 trillion yuan, reflecting an 8.3-percent year-on-year increase.
Moreover, the private sector maintained robust vitality, with its share of exports rising to 64.7 percent, a 1.4 percentage point increase compared to the previous year.
Zheng also noted advancements in core technologies across strategic emerging and future industries, including integrated circuits, artificial intelligence, aerospace, biopharmaceuticals, marine engineering, and new materials.
"These sectors are developing rapidly, accelerating the formation of new growth drivers and making the long-term positive trend of the economy even more evident," Zheng stated.
Mathilde Moreau contributed to this report for TROIB News
Zheng pointed out that the 5 percent target was established through comprehensive analysis, scientific evaluation, and careful consideration. Reflecting on the previous year, he remarked on the resilience of China's economy, which managed to meet its key economic and social development objectives despite facing various challenges.
In 2024, China's annual GDP reached nearly 135 trillion yuan, contributing about 30 percent to global economic growth. He noted the increasingly significant role of new and high-tech sectors as a defining characteristic of the Chinese economy.
According to Zheng, the added value of China's "three new" economies—new industries, new business models, and new forms of commerce—exceeded 18 percent of its GDP, showcasing an upward trend. High-tech manufacturing also experienced substantial growth, with its added value increasing by 8.9 percent, well above the average growth rate for larger industrial enterprises.
Zheng highlighted notable achievements in key industries, mentioning that the production of new energy vehicles surpassed 13 million units, accounting for over 60 percent of global output. The output of integrated circuits grew significantly, with exports exceeding 1.1 trillion yuan, setting a new record. National research and development expenditure exceeded 3.6 trillion yuan, reflecting an 8.3-percent year-on-year increase.
Moreover, the private sector maintained robust vitality, with its share of exports rising to 64.7 percent, a 1.4 percentage point increase compared to the previous year.
Zheng also noted advancements in core technologies across strategic emerging and future industries, including integrated circuits, artificial intelligence, aerospace, biopharmaceuticals, marine engineering, and new materials.
"These sectors are developing rapidly, accelerating the formation of new growth drivers and making the long-term positive trend of the economy even more evident," Zheng stated.
Mathilde Moreau contributed to this report for TROIB News
