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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of February, covering the latest developments you need to ...
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, after a man in Portugal died when his car was swep...
U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline...
An attacker opened fire at the gates of a Shi'ite Muslim mosque in Islamabad on Friday before detonating a suicide bomb that killed at least 31 people in the deadliest assault of its kind in the capital in more than ten years.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of February, covering the latest developments you need to know.
U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline is widely viewed as unrealistic due to deep disagreements over territory, according to multiple sources familiar with the talks.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed one of its largest ballistic missiles at a newly unveiled underground base on Wednesday (3 February), just two days ahead of mediated nuclear talks with the United States in Muscat, Oman.
Winter weather has brought air travel in the German capital to a complete halt, stranding thousands of passengers as severe icing conditions make runways and aircraft unsafe for operation and force authorities to shut down one of Europe’s key transport hubs.
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, after a man in Portugal died when his car was swept away by floodwaters and a second body was found in Malaga.
An attacker opened fire at the gates of a Shi'ite Muslim mosque in Islamabad on Friday before detonating a suicide bomb that killed at least 31 people in the deadliest assault of its kind in the capital in more than ten years.
Ukraine and Russia carried out a rare exchange of 314 prisoners on Thursday as U.S.-brokered talks in Abu Dhabi closed with a pledge to resume negotiations soon, offering one of the clearest signs of diplomatic movement in months.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of February, covering the latest developments you need to know.
U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline is widely viewed as unrealistic due to deep disagreements over territory, according to multiple sources familiar with the talks.
At least 31 killed, scores wounded in suicide attack on religious site in Islamabad.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, after a man in Portugal died when his car was swept away by floodwaters and a second body was found in Malaga.
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