FX.co ★ Xi Says China Heading Toward 5% Growth in 2025

President Xi Jinping has stated that China's economy is positioned to achieve its growth target set for 2025, with an anticipated GDP increase of approximately 5% this year, according to Xinhua News. At the annual session of the Chinese People's Political Consultative Conference, Xi highlighted China's economic resilience despite facing external challenges. He remarked, "China's economy is persevering under pressure, advancing towards innovation and quality, demonstrating robust resilience and vitality. The growth rate is projected to be around 5%, maintaining a leading position among the world's major economies." Xi further mentioned that Beijing plans to implement more proactive macroeconomic policies in 2026 to maintain momentum, highlighting the government's commitment to innovation-driven growth and maintaining stability amidst global uncertainties.