China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds. The target for GDP growth was announced Wednesday in a report being presented by Premier Li Qiang at the opening session of the National People's Congress,

China set its economic growth target at “around 5%” for 2025, the same as last year and in line with market expectations.

China on Wednesday set a growth target of around 5 percent for its economy in 2025, which remains the same as last year's goal, indicating top policymakers' solid confidence in the stable growth of the world's second-largest economy despite rising global risks and challenges.