China has outlined a comprehensive plan to fuel high-quality growth and reinforce its role as a stabilizing force in the global economy. During the recent 14th National People's Congress session, Chinese Premier Li Qiang revealed ambitious economic targets for 2025, including a projected GDP growth rate of around 5% and plans to create over 12 million urban jobs.
Tech Innovation as Growth Driver
The government work report emphasizes strengthening scientific and technological innovation across key sectors. China aims to lead in aerospace, AI, green technology, and biomanufacturing through increased R&D investment and intellectual property protection. A notable initiative is the "AI Plus" program, integrating digital technologies with manufacturing capabilities to develop smart products like intelligent EVs and AI-powered devices.
Talent Development and Industrial Upgrades
A three-year education action plan will address growing demand for specialized technical talent. The strategy includes enhancing university-industry collaboration and leveraging China's resource mobilization system to accelerate breakthroughs in core technologies. Traditional industries will undergo digital transformation to improve supply chain efficiency and global competitiveness.
Sustainable Global Engagement
The plan positions China as both economic innovator and international partner, particularly in green energy solutions and advanced manufacturing. By prioritizing stable growth and technological self-reliance, analysts suggest these measures could create ripple effects across global markets through expanded trade opportunities and increased technological cooperation.
