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.

The third session of the 14th National People's Congress of China opened on March 5, and Chinese Premier Li Qiang delivered the government work report, setting the 2025 economic growth target at about 5%,