China plans to strengthen its economy for this year. The country will focus on providing durable goods for consumers and equipment for businesses.
China is implementing measures to boost its economy in 2025, including increased ultra-long treasury bond funding, interest rate cuts, and financial aid programs for durable goods and business equipment upgrades.
The government aims for 5% growth for 2025, while accepting a budget deficit of 4% of GDP, despite challenges such as the property crisis and potential U.S. tariffs.
China's Vice Secretary of the National Development and Reform Commission, Yuan Da, expressed optimism about the country's economic recovery for this year.
Millions of government workers received wage increases averaging 500 yuan, approximately $70 per month from July 2024, injecting an estimated $12–20 billion into the economy.
These pay raises aim to stimulate spending, though some critics question their focus on civil servants, arguing that the move may damage private sector.
Read next
13:45
China
In a groundbreaking event, China hosted the world’s first humanoid robot race, where robots and humans competed side by side. The competition saw Chinese-made Tien Kung Ultra emerge victorious in the half-marathon, completing the 21-kilometer course in an impressive 2 hours and 40 minutes.
07:25
Ukrainian President Volodymyr Zelenskyy has accused China of supplying artillery and gunpowder to Russia, raising tensions between Kyiv and Beijing amid the ongoing conflict.
16:02
China
As trade tensions with the United States reach new heights, China has issued a firm rebuke to the Trump administration’s proposed tariffs of up to 245% on Chinese imports, dismissing the measures as a “tariff numbers game” and vowing not to yield to external pressure.
13:30
Artificial Intelligence
China is set to embed artificial intelligence (AI) into its entire education system from primary to higher education as part of a national effort to modernize learning, boost innovation, and build a skilled, future-ready workforce.
12:30
China - USA
As the US-China trade war escalates under President Donald Trump’s administration, viral TikTok videos are encouraging Americans to bypass tariffs by buying directly from Chinese factories, sparking fresh concerns over counterfeit goods and luxury brand credibility.
What is your opinion on this topic?
Leave the first comment