Published 05/03/2025 19:24
China maintained economic growth of 5% by 2024, consolidating itself as one of the world’s leading expansion economies in the world. The data was presented by Prime Minister Li Qiang in the government’s work report during the third session of the 14th National Popular Assembly. The country continued to contribute about 30% of global growth, reinforcing its relevance in the international economic scenario.
Among the advances of 2024, there are record grain production, which reached 700 million tons, the generation of over 12.5 million new urban jobs and the production of 13 million vehicles of new energies.
Goals for 2025: balanced growth and technological innovation
The Chinese government projects GDP growth from approximately 5% to 2025, coupled with the creation of over 12 million urban jobs and the maintenance of inflation by about 2%. There is also a strong commitment to sustainability, predicting a 3% reduction in energy consumption per GDP unit.
In the field of innovation, the government emphasizes the advancement in strategic sectors such as bioproduction, quantum technology, artificial intelligence and the development of 6G technology. Manufacturing digitization will also be expanded, focusing on smart vehicles, advanced robotics and high precision manufacturing equipment.
Fiscal policy and consumption stimulus
To support these goals, the deficit rate was set by 4%, with an increase of 1.6 trillion yuans in the volume of the deficit compared to 2024. In addition, the government announced the issuance of 4.4 trillion yuans in local special securities and 1.3 trillion yuans in long -term national special titles.
In the field of consumption, one of the focuses is the revitalization of internal demand. The government will allocate 300 billion yuans to encourage the replacement of used consumer goods, aiming to streamline sectors such as appliances and cars.
Social Development: Education, Housing and Health
The education sector will receive investments to expand vacancies in high school and the gradual implementation of free preschool education.
In the housing sector, the goal is to stabilize the real estate market, with incentive to the acquisition of real estate in stock and renewal of degraded urban neighborhoods. In the public health field, there will be optimization of the policy of purchasing medicines and increased subsidies for basic medical insurance and public health services.
Sustainability and labor market
China also reinforces its bet on sustainability, with measures to stimulate ecological consumption and promote a transition to low carbon production modes. In the job market, attention will be focused on expanding opportunities for newly graduated and protecting rights in flexible jobs.
Challenges and perspectives
Despite economic advancement and ambitious plans, China still faces significant challenges such as population aging, low birth rate and uncertainties in the global scenario. The government has expanded incentives for birth and adopted measures to reduce the cost of living of families, but the effectiveness of these policies is still uncertain.
Continuity of growth will depend on the government’s ability to balance investments, domestic consumption and financial stability, ensuring that emerging sectors boost the sustainable development of the country.
Source: vermelho.org.br
