Wed Dec 31 06:50:59 UTC 2025: Here’s a summary of the text and a rewritten news article based on it:

Summary:

Chinese President Xi Jinping announced that China’s economy is expected to meet its growth target of around 5% in 2025, reaching approximately 140 trillion yuan ($20 trillion). He stated that the economy demonstrated resilience despite pressures like soft consumption, deflation, and a property crisis. The government plans to implement proactive policies in 2026 to support long-term growth, focusing on qualitative improvement and quantitative growth while maintaining social stability. This includes allocating funds for consumer goods trade-in programs and releasing early investment plans for major construction projects.

News Article:

China Confident in Meeting 2025 Growth Target, Plans Proactive Policies for 2026

BEIJING (Dec. 31, 2025) – China’s economy is on track to meet its growth target of approximately 5% for 2025, reaching around 140 trillion yuan ($20 trillion), President Xi Jinping announced today. Speaking at a New Year’s tea party, Xi emphasized the economy’s “strong resilience and vitality” despite facing headwinds throughout the year.

The announcement comes amidst concerns over soft household consumption, persistent deflation, and an ongoing property sector crisis that have weighed on the economy. However, Xi reiterated the government’s commitment to proactive policies aimed at supporting long-term economic growth in 2026.

These policies will focus on both qualitative improvements and reasonable quantitative growth, while maintaining social harmony and stability. Specifically, the central government has allocated 62.5 billion yuan from special treasury bond proceeds to local governments for consumer goods trade-in programs next year, aiming to spur household demand. The state planner has also released early investment plans for major construction projects in 2026, totaling around 295 billion yuan in central budget funding, to boost investment and support economic growth.

The government’s commitment to bolstering incomes and supporting consumption and investment underscores its confidence in navigating economic challenges and achieving sustainable growth in the coming year. The question on everyone’s mind is, will this be enough to counter the trade deficit with India, expected to reach $106 billion in 2025, as per the GTRI?

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