Chinese government advisers call for steady 5% 2025 economic growth goal, strongr stimulus ...Middle East

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Chinese government advisers call for steady 5% 2025 economic growth goal, strongr stimulus
source : forex live ( Middle East ) () 66
Reuters with the info. Chinese government advisers recommend a 2025 economic growth target of around 5%, despite challenges from U.S. tariff hikes and slowing global demand.Some advisers suggest lower targets of "above 4%" or a 4.5%-5% range.Maintaining a lofty target aligns with President Xi Jinping's vision of doubling China's economy by 2035.Advisers advocate for stronger fiscal policies to counter tariff impacts, including raising the budget deficit above this year's 3% of GDP and increasing domestic demand.Potential measures include issuing more special treasury bonds for infrastructure and offering consumer subsidies.Advisers emphasize balancing short-term stimulus with structural refo

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