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China sticks to economic growth target of 'around 5%' despite a looming trade war

March 5, 2025
Source: sootoday.com sootoday.com
News Snapshot:
BEIJING (AP) — The Chinese government unveiled an annual economic growth target of “around 5%” on Wednesday, despite the possible negative impact of a looming trade war with the United States, and pledged to address what it called “inadequate” consumer spending at home. The target, announced at the opening session of the annual meeting of China's legislature, is the same as the last two years but will likely be more difficult to achieve because of higher U.S. tariffs on Chinese products and other economic headwinds. The use of the modifier “around” gives the government some wiggle room if growth falls...
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