China Sets 2025 GDP Growth Target at 5% During 'Two Sessions'

The Chinese government outlines economic and military priorities as its legislature and advisory body convene in Beijing.

China's annual 'two sessions' meetings began with the advisory Chinese People’s Political Consultative Conference on Tuesday, followed by the National People’s Congress on Wednesday.
Premier Li Qiang announced a 5% GDP growth target for 2025, signaling cautious optimism in the face of economic challenges and global tensions.
China's military budget is set to increase by 7.2%, reflecting heightened geopolitical concerns and a focus on national security.
Economic stabilization measures, including plans to attract foreign investment and address domestic economic pressures, are key priorities for the sessions.
The meetings also feature Hong Kong representatives participating under the Basic Law, highlighting the city’s role in national policy discussions.