FX.co ★ China Confident in 2025 Growth Target, Promises New Policies for Q2

China is determined to meet its 2025 economic growth target of approximately 5%, as stated by Zhao Chenxin, Vice Head of the State Planner, during a recent press briefing. Zhao outlined forthcoming policy initiatives set for the second quarter designed to bolster China's economic recovery in the face of increasing external pressures. He also indicated that additional measures would be rolled out as circumstances dictate. Despite the negative impact of the tariffs imposed by former U.S. President Donald Trump, Chinese officials remain hopeful that the U.S. will adjust its approach first, which would enable Beijing to advance with its planned stimulus strategies. Deputy Central Bank Governor Zou Lan reiterated the commitment to a moderately accommodative monetary policy, enhanced economic support, and efforts to sustain the stability of the yuan. Zou further noted that China's foreign assets had experienced minimal repercussions from volatility in the U.S. bond market, and stated that the People's Bank of China (PBoC) would actively manage market expectations concerning the yuan.