The Chinese government will have to spend more if it wants to keep economic growth on target this year.
Chinese Finance Secretary Lan Fo'an (left) and Vice Minister of Finance Liao Min (right) attend a plenary session of the G20 Development Committee during the IMF and World Bank Spring Meetings, Washington, D.C., April 24, 2025. Credit: Sipa via AP Images
In the years following the 2008 global financial crisis, bold stimulus measures enabled China to achieve a V-shaped recovery. Since then, however, the government has largely maintained neutral — even tight — macroeconomic policies. If China is to achieve its growth target for 2025, this must change. In fact, since September 2024, China has reorientated its macroeconomic stance substantially.
Mentions of 'employment' in an excerpt from the 'Major Tasks for 2025' from Li Qiang's Report on t
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If Xi Jinping is becoming more preoccupied with internal politics, it could lead to a period of relative calm in China’s relations with the United States.
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