Washington: Despite escalating trade tensions with the United States, China has set ambitious economic and defense goals for 2025, signaling a strong push for stability and modernization. The Chinese government has reaffirmed its commitment to domestic demand as a primary economic driver while maintaining a 5% GDP growth target and increasing its defense budget by 7.2% amid rising regional security concerns. Economic Growth and Challenges Chinese Premier Li Qiang presented the government’s annual work report on Wednesday, keeping the 2025 economic growth target at around 5%, consistent with the previous…
Read MoreChina Targets 7.2% Defense Spending Hike and 5% Growth Amid US Trade War
