China hits 5% growth target in 2025
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Beijing trumpets trade and technology success yet many regions and people struggle amid an anaemic domestic outlook
China is planning to introduce new measures to promote the consumption of services, betting that elderly care, healthcare and leisure can offset tepid demand for goods, though analysts say the plan's success hinges on elevating household incomes and social welfare.
China faces a shrinking population and record-low birth rates, challenging economic growth and straining pensions and healthcare.
China's National Bureau of Statistics released data on its 2025 GDP growth Monday. Analysts say it reveals strong economic growth for the country, but ordinary people still face deep challenges.
The People's Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keeping them unchanged for an eighth straight month.
BEIJING: China plans to roll out new policies from 2026 to 2030 to spur domestic consumption and tackle "prominent" imbalances in supply and demand, with the services sector becoming a key focus, the
Beijing announces support for small businesses and the tech sector, after 2025 economic data shows heavy reliance on exports.