China Assures 2025 Growth Targets Will Be Met, State Planner Confirms

BEIJING (Cryptonesia) -The vice head of China's state planner said on Monday he was "fully confident" the world's second-largest economy would achieve its economic growth target of around 5% for 2025, pledging new policies to be rolled out over the second quarter.

Zhao Chenxin, who serves as the vice chair of the National Development and Reform Commission, addressed a press briefing stating that the groundwork for China’s economic rebound must be strengthened due to increasing external pressures. He also mentioned that additional measures will be introduced according to shifts in the economic landscape.

Even though U.S. President Donald Trump’s tariffs have cast a shadow over China’s economic prospects, Chinese officials believe that Washington will be the first to yield, according to analysts. This expectation lets Beijing go ahead with scheduled stimulus initiatives set to roll out over the rest of the year.

At the same press conference, China's deputy central bank governor Zou Lan confirmed the persistence of an accommodative monetary policy and enhanced backing for the economy, all while ensuring the stability of the yuan remains intact.

Zou mentioned that the effect on China’s overseas assets due to fluctuations in the U.S. bond market is minimal. He also stated that the People's Bank of China will work to stabilize market perceptions regarding the yuan and address actions that distort the markets.

(Reported by Kevin Yao; Written by Joe Cash; Edited by Kim Coghill and Jacqueline Wong)