Chinese policymakers have unveiled details of the government's annual work report, reaffirming a GDP growth target of around 5% for 2025 while signaling a renewed focus on structural reforms. The target mirrors last year's goal and reflects what drafting team leader Shen Danyang described as "careful deliberation amid complex global conditions."
Speaking at a briefing on Wednesday, Shen emphasized that "reform" emerged as the central theme during the document's formulation process. The report outlines strategies to balance economic stability with technological innovation and sustainable development priorities.
Economic Resilience in Focus
Analysts note maintaining the 5% target demonstrates confidence in China's capacity to navigate challenges including slowing global demand and domestic market adjustments. The drafting team highlighted measures to boost high-tech manufacturing and green energy sectors as key growth drivers.
Reform Agenda Takes Center Stage
While specific policy details remain under review, Shen confirmed the work report prioritizes institutional reforms aimed at improving market efficiency and attracting overseas investment. Business leaders are particularly watching for updates on financial market liberalization and cross-border trade facilitation measures.
This year's drafting process reportedly incorporated feedback from over 2,000 stakeholder consultations, reflecting what officials describe as a "scientifically rigorous" approach to balancing economic ambitions with practical realities.
