In the context of a volatile and challenging global economy, confidence in the long-term prospects of the Chinese economy is still reinforced by many key factors.
 |
| View of a cargo port in Hebei Province, China. (Source: THX) |
According to the Government Work Report, in 2025, China continues to target economic growth of around 5% - the same as the past two years.
In addition, Beijing has identified many key work focuses in 2025, such as: vigorously promoting consumption, improving investment efficiency, expanding domestic demand in all directions; developing new quality production forces, accelerating the construction of a modern industrial system; extensively implementing the strategy of revitalizing the country through science and education, and improving the overall efficiency of the national innovation system.
Huge potential
China's economy shows great resilience and potential. With a population of 1.4 billion, the country has a large domestic market and strong consumer demand.
The rise of new economic sectors such as the digital economy, silver economy (economic activities related to meeting the needs of the elderly) and ice economy have created new growth drivers for the country.
The country's complete industrial system not only provides solid support for economic development, but also creates the necessary flexibility to respond to risks and challenges.
In addition, self-reliance in production and supply chains helps China minimize negative impacts from external fluctuations.
Effective governance mechanisms also play an important role in promoting high-quality development in the country.
In addition, good coordination between central and local governments ensures that policies and reforms are implemented in a targeted and effective manner.
Long-term plans, such as five-year plans, serve as strategic guidelines for the country's development in many areas.
Beijing is trying to improve its economic structure and create new growth drivers.
Narrowing the development gap between urban and rural areas, as well as between different regions, is considered one of the top priorities.
In addition, the Northeast Asian country is also boosting investment in high-tech fields and emerging industries.
Innovation-based development strategy continues to be strengthened.
China is promoting the development of potential industries such as commercial aerospace and low-altitude economics, while nurturing industries of the future such as biomanufacturing, quantum technology, artificial intelligence (AI) and 6G technology.
Not only that, the country's abundant and increasingly skilled human resources provide a solid foundation for innovation and growth.
Series of positive signals
Positive signals from the country's economy are clearly shown through recent statistics. Data from the General Administration of Taxation of China shows that many economic sectors are recovering and growing strongly.
 |
| China's manufacturing sector maintains steady growth, with equipment manufacturing playing an important role. (Source: China Daily) |
Manufacturing maintained steady growth, with equipment manufacturing playing an important role.
Manufacturing sales increased by 3.6% year-on-year from October 2024 to February 2025, with equipment manufacturing growing by 8.7%. This indicates a recovery in manufacturing activity and demand for investment in industrial equipment.
At the same time, emerging industries are developing strongly, with new productive forces advancing rapidly. Business spending on machinery and equipment in the period from October 2024 to February 2025 increased by 7.1% over the same period.
In particular, ecological environmental protection services grew rapidly, reflecting China's commitment to sustainable development. Sales revenue from new energy, energy saving and environmental protection technology increased by 29.3%, 26.8% and 12.1% respectively during the same period.
This shows that the country of a billion people is transitioning to a greener and more sustainable economy.
Mr. Li Ping, Deputy Director of the Tax Science Research Institute under the General Administration of Taxation of China, commented that the economic trends and changes in the past 5 months show the continuous improvement of the Chinese economy.
"The tax authorities will continue to strengthen tax and fee services, implement structural tax and fee reduction policies, support enterprise development, promote market vitality and confidence, and promote high-quality economic growth," Li Ping emphasized.
Source: https://baoquocte.vn/loat-tin-hieu-vui-go-cua-nen-kinh-te-trung-quoc-san-sang-doi-moi-va-tang-truong-on-dinh-307472.html
Comment (0)