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China is ending its annual Congress with questions open over how to revive its slowing economy

  • China aims for a GDP growth target of around 5% for the year, as announced at the National People's Congress, despite challenges; analysts say achieving this will be difficult with current measures outlined.
  • Private consumption has been weak, contributing only 44.5% to GDP growth last year, down from 82.5% in 2023, as reported in the government's annual report.
  • China's government aims to enhance investment and consumer spending, revealing plans for 300 billion yuan in rebates for trading in old items.
  • Chinese officials indicated that the country's outlook remains uncertain due to trade tensions with the United States, with robust export recovery being crucial for growth.
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  • 36% of the sources lean Left
36% Left
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South China Morning Post broke the news in Hong Kong on Tuesday, March 11, 2025.
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