Amid growing global market volatility, China announced at the annual National People's Congress that it will maintain its economic growth target at 5% through 2025. This announcement reflects Beijing's cautious approach in addressing economic challenges, particularly amidst trade tensions with the United States and global economic slowdown.
Maintaining this growth level requires China to boost investments in infrastructure and technology, in addition to supporting domestic consumption. However, with the ongoing trade war and protectionist policies from some countries, China's economy faces significant challenges that may hinder achieving this target.
Investors are closely watching the policies China will implement to achieve this growth, especially regarding financial reforms and the real estate market, as any slowdown in the world's second-largest economy could have a direct impact on global markets.