China Targets 5% Growth in 2025 with $20 Trillion Economy

President Xi Jinping stated that the Chinese economy is on track to achieve a targeted growth rate of around 5% in 2025, with its total size expected to reach approximately $20 trillion.

He added that Beijing plans to implement more proactive policies in 2026 to support long-term expansion and strengthen the resilience of the Chinese economy.

Leadership Statements

Speaking to senior Communist Party officials during New Year celebrations, Xi said the economy could reach about 140 trillion yuan in 2025, emphasizing that the Chinese economy continues to show strong vitality despite global pressures.

Upcoming Challenges

China faces challenges including slowing household consumption and a prolonged real estate downturn.

Nevertheless, authorities expect to meet the 2025 growth target while maintaining social stability and promoting qualitative and quantitative economic improvements.