China’s 5% GDP target for 2025 a sign of confidence, but warrants stronger policy support: analysts
Markets across the Asia-Pacific mostly edged up in response on Wednesday, with Hong Kong shares rising nearly 3%
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WHILE China’s latest growth target is a sign of the country’s confidence in its economy, analysts have cautioned that stronger policy support may be needed to achieve it.
On Wednesday (Mar 5), Beijing maintained its 2025 gross domestic product growth target at about 5 per cent – for the third consecutive year, and despite US tariffs.
Premier Li Qiang announced the latest target as he delivered the government’s annual work report at the opening of the third session of the 14th National People’s Congress.
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