China Gears Up For 2025 Growth With Stimulus Measures, Strategic Policies - CGTN

KUALA LUMPUR, March 3 (Bernama) -- China has outlined a comprehensive strategy to drive economic growth in 2025, leveraging targeted stimulus measures and high-level policy frameworks to sustain momentum despite global uncertainties.

According to a report by CGTN, China’s economy has experienced a significant surge since September last year, with indicators such as robust gross domestic product (GDP) performance in the fourth quarter suggesting a promising start for 2025.

This positive momentum, which extended through the Chinese New Year, was driven by a series of stimulus measures and top-tier policy designs aimed at addressing the structural challenges within the economy and generating new growth drivers, according to a statement.

However, China’s economic outlook faces increasing external pressures, as global shifts continue to pose risks to stability. Despite these challenges, Chinese President Xi Jinping, in an article published in Qiushi Journal, emphasised that the economy remains supported by a solid foundation with resilience and growth potential, noting the long-term trend for growth has not changed.

The Chinese strategy for 2025 focuses on balancing these external risks with domestic opportunities. This year marks the end of the 14th Five-Year Plan (2021–2025), a blueprint guiding China’s efforts to achieve high-quality development, advance technological innovation, and foster sustainable reforms. It also sets the stage for the launch of the 15th Five-Year Plan (2026–2030), which will outline the nation’s next phase of growth amidst global and domestic challenges.

Xi’s article also highlights the need for effective coordination between an efficient market and government intervention, noting that authorities should act decisively when necessary while allowing the market to function effectively. This principle was reflected in China’s latest policy initiatives.

In January, the National Development and Reform Commission (NDRC) issued a guideline for building a unified national market, aimed at reducing transaction costs, fostering innovation, and enhancing China’s competitive edge, aligning with the view that China’s economic evolution relies on innovation and productivity rather than short-term fixes.

Experts believe that deregulating key industries, encouraging private sector participation, and attracting foreign investment in high-tech and green energy sectors will be crucial for driving China’s transformation. Restoring confidence among private enterprises is also seen as vital, as these firms are major drivers of job creation, technological advancement, and economic dynamism.

Xi’s article also addressed the need for managing the relationship between total supply and demand to ensure smooth economic circulation. These priorities were reflected in the tasks set by the Central Economic Work Conference held in December 2024, which laid the groundwork for China's 2025 economic trajectory.

Experts are optimistic about China’s adaptability and resilience, given its high-quality development and positive economic outlook, with some highlighting the country’s ability to sustain strong GDP growth despite global economic uncertainties.

In 2024, China’s GDP grew by five per cent, reaching 134.9 trillion Chinese yuan (US$18.77 trillion), underscoring the robustness of its economic strategy. As global challenges continue, the country remains well-positioned for steady growth, driven by expanding domestic demand and its focus on innovation. (US$1=RM4.45)

-- BERNAMA