BEIJING — Chinese government advisers are recommending that Beijing should maintain an economic growth target of around 5.0 percent for next year, pushing for stronger fiscal stimulus to mitigate the impact of expected US tariff hikes on the country's exports. Four of the six advisers who spoke with Reuters favor a 2025 target of around 5 percent. A Reuters poll this week predicted China will grow 4.5 percent next year but also tipped that tariffs could impact growth by up to 1 percentage point. Economists outside China do not believe that goal is realistic, but it still influences domestic policy discussion. "To meet the 2035 goals, we need to achieve economic growth of around 5 percent in 2025," said a second government adviser.

Source: Manila Times November 22, 2024 04:12 UTC