China's Two Sessions Economic Targets Signal Greater Confidence
Source: SeekingAlpha
2025-03-05 03:10:00 ET
Summary
- China's 2025 key economic targets were released today, including an 'around 5%' GDP goal in line with our expectations.
- Growth and fiscal ambitions imply stronger policy support this year.
- The sequencing of this year's government plans shows that domestic demand has become the top priority.
By Lynn Song
GDP growth and fiscal targets imply stronger fiscal policy support this year
The National People's Congress opened in Beijing today with officials announcing a growth target of “around 5%,” and also unveiling other important targets including the inflation and fiscal targets. The key economic targets were broadly in line with our expectations this year....
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China's Two Sessions Economic Targets Signal Greater Confidence
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