During his annual address, Xi Jinping emphasized that China's economy remains stable and progressing, dispelling fears of recession while addressing key risks effectively.
Xi highlighted that the Communist Party's politburo meeting signaled a strong commitment to economic stimulus, marking a significant shift towards aggressive subsidies and borrowing cost cuts.
Acknowledging challenges in the external environment, Xi asserted that transformation from old drivers of growth to new ones can be achieved through dedicated effort and hard work.
Despite Trump's incoming administration and potential tariffs on Chinese imports, Xi expressed confidence in achieving a 5% economic growth target for 2025, backed by recent stimulus measures.
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