{"id":53297,"date":"2025-03-07T14:59:35","date_gmt":"2025-03-07T14:59:35","guid":{"rendered":"https:\/\/new.igihe.com\/china-s-2025-growth-target-balances-necessity-feasibility-experts\/"},"modified":"2025-03-07T15:00:59","modified_gmt":"2025-03-07T15:00:59","slug":"china-s-2025-growth-target-balances-necessity-feasibility-experts","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/china-s-2025-growth-target-balances-necessity-feasibility-experts\/","title":{"rendered":"China&#8217;s 2025 growth target balances necessity, feasibility: experts"},"content":{"rendered":"<p>It is necessary to maintain a certain level of economic growth to ensure stable employment, mitigate risks and improve people&#8217;s livelihoods, Huang Lianghao, an official with the Research Office of the State Council, said in the latest episode of the China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.<\/p>\n<p>Since China introduced a comprehensive package of incremental policies last year, the economy has experienced a significant rebound, and this positive trend has been further consolidated and expanded since the beginning of this year, said Huang.<\/p>\n<p>Over the years, the country has accumulated many positive factors and favorable conditions for growth, he said, adding that new technological breakthroughs are emerging at a faster pace, new industries and growth drivers are accelerating, and domestic demand is expanding rapidly, all of which lay a solid foundation for future development.<\/p>\n<p>Premier Li Qiang on Wednesday announced the annual economic growth target when delivering the government work report to the annual session of the National People&#8217;s Congress for deliberation.<\/p>\n<p>According to the report, China will adopt a more proactive fiscal policy and a moderately loose monetary policy, which Huang said will provide strong policy support for economic growth.<\/p>\n<p>The moderately loose monetary policy will help lower corporate financing costs and enhance liquidity, said Jin Li, a national political advisor and vice president of Southern University of Science and Technology.<\/p>\n<p>Emerging industries and consumer sectors, including artificial intelligence, low-altitude economy and digital economy, are expected to receive stronger support, injecting new vitality into China&#8217;s high-quality economic development, said Jin.<\/p>\n<figure class=\"spip-document spip-document-83236\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/okay-6-123a0.jpg\" alt=\"A view of skyscrapers in Beijing, the capital of China.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s economic growth target of around 5 percent for this year takes into account domestic and international conditions and balances both necessity and feasibility, according to experts.<\/p>\n","protected":false},"author":62,"featured_media":2000083235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[101],"byline":[235],"hashtag":[],"class_list":["post-53297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-internationl","byline-xinhua"],"bylines":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"contributors":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default 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