The estimates were as per the government work reports submitted by Chinese Premier Li Qiang to the annual meeting of China's top legislature- the National People's Congress, which opened at the Great Hall of the People in Beijing this morning.
China's economy expanded by 5 per cent in 2025 and is projected to grow 4.5 per cent this year, 0.3 percentage points higher than the IMF's October forecast, reflecting resilience driven by "robust exports and fiscal stimulus," according to the International Monetary Fund (IMF).
Speaking on the budget, Gogoi said, "Given its absolute power, the government appears to believe a budget for growth and development is unnecessary. Countries such as the US, the EU, and China have aggressive economic policies, and in comparison, this budget does not reflect the same leve
The CNN report citing data released by China's National Bureau of Statistics on Monday stated the birth rate fell to 5.63 births per 1,000 people in 2025, lower than the previous record low of 6.39 births per 1,000 recorded in 2023.
The Chinese Communist Party's (CCP) official launch of the Hainan Free Trade Port (FTP) on December 18 has sparked widespread concern among residents and analysts, with rising living costs, strict political controls, and alleged military motivations casting doubt on Beijing's claims of creat
According to The Epoch Times, A December 22 report by international consultancy Rhodium Group estimates that China's real economic growth in 2025 likely ranged between 2.5 and 3 per cent, nearly half of the officially declared 5.2 per cent expansion.
China's economic challenges are reshaping global trade dynamics, with Beijing increasingly relying on manufacturing and exports to compensate for a sluggish domestic economy, noted the US-China Economic and Security Review Commission's 2025 Report to Congress.
According to The Epoch Times, while the state-run Xinhua News Agency boasted of "remarkable progress" under the ongoing 14th Five-Year Plan, analysts and economists stated that these assertions bear little resemblance to reality. Xu Zhen, a veteran financial expert, described the past five y
China's economic slowdown is closely tied to a significant drop in productivity. This downturn is driven by several factors, including a shift toward low-productivity sectors like real estate, demographic challenges, and inefficiencies in research and development. While government policies a
China's manufacturing sector has experienced a decline for the third month in a row, as of July, with demand remaining weak despite recent government efforts to stimulate the economy in the world's second-largest economy.