China kept its 2025 economic growth target at roughly 5% while committing to higher government spending to counter deflationary risks and the impact of escalating U.S. trade tariffs, according to a government report released Tuesday.
Budget deficit target raised to 4% of GDP (up from 3% in 2024).
1.3 trillion yuan ($179 billion) in special treasury bonds to be issued.
Local governments can issue 4.4 trillion yuan in special debt (up from 3.9 trillion).
Beijing faces pressure as U.S. President Donald Trump’s administration ramps up tariffs, adding 20 percentage points to Chinese imports since January.
Chinese exports to the U.S. exceed $400 billion annually, but higher U.S. trade barriers threaten manufacturers.
China retaliated Tuesday, imposing 10%-15% tariffs on U.S. agricultural products and sanctioning 25 American firms.
China’s economy struggles with sluggish consumer demand and a crisis in the debt-laden property sector. Analysts urge Beijing to stimulate household spending rather than rely on exports and industrial expansion.
“Boosting domestic household consumption is key,” said Eswar Prasad, former IMF China director.
Despite leading in EVs and AI, experts warn that China’s innovation drive must be balanced with consumer demand growth to avoid stagnation like Japan’s economic slowdown.
With Premier Li Qiang set to outline policies on Wednesday, China faces a critical test in navigating trade tensions and internal economic imbalances.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
Kyrgyz and Azerbaijani cultural ministers signed a 2025–2026 roadmap to deepen bilateral cooperation during a meeting in Bishkek.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
In India’s deadliest terrorist attack in nearly two decades, 26 people were killed and 17 injured when suspected militants opened fire on tourists in the Kashmir region, triggering national outrage and renewed concerns over security in the volatile territory.
Elon Musk announced he will sharply reduce his involvement in the Trump administration’s Department of Government Efficiency starting next month, shifting focus back to Tesla amid mounting investor pressure and falling sales.
A powerful earthquake of magnitude 6.2 has struck Türkiye, with its epicenter located in the Silivri district of Istanbul, according to the country’s disaster management agency, AFAD.
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
The “Joint Statement on the Establishment of a Comprehensive Strategic Partnership between the Republic of Azerbaijan and the People’s Republic of China” was signed in Beijing on April 23 during the state visit of President of the Republic of Azerbaijan Ilham Aliyev to China.
Kyrgyz and Azerbaijani cultural ministers signed a 2025–2026 roadmap to deepen bilateral cooperation during a meeting in Bishkek.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
The “Joint Statement on the Establishment of a Comprehensive Strategic Partnership between the Republic of Azerbaijan and the People’s Republic of China” was signed in Beijing on April 23 during the state visit of President of the Republic of Azerbaijan Ilham Aliyev to China.
On April 23, President Ilham Aliyev of Azerbaijan and President Xi Jinping of China convened an expanded meeting at the Great Hall of the People in Beijing.
A powerful earthquake of magnitude 6.2 has struck Türkiye, with its epicenter located in the Silivri district of Istanbul, according to the country’s disaster management agency, AFAD.
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
The “Joint Statement on the Establishment of a Comprehensive Strategic Partnership between the Republic of Azerbaijan and the People’s Republic of China” was signed in Beijing on April 23 during the state visit of President of the Republic of Azerbaijan Ilham Aliyev to China.
Kyrgyz and Azerbaijani cultural ministers signed a 2025–2026 roadmap to deepen bilateral cooperation during a meeting in Bishkek.
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