China eyes five percent growth despite US trade war

Energy Daily

Published

Beijing (AFP) Mar 5, 2025

China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports. Beijing also announced a rare hike in fiscal funding, allowing its budget deficit to reach four percent this year as it battles stuttering employment for young people, stubbornly low consumer de

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