Many experts are now highlighting that forecasts have consistently underestimated China’s impressive growth potential. With a 5% GDP target set for 2025, optimism is fueled by booming tech innovation and rising domestic consumption.
In a lively discussion on CGTN's "Talking China," Li Cheng—founding director of the Center on Contemporary China and the World at the University of Hong Kong—celebrated the 5% growth achieved in 2024. He noted that experts on both sides have historically underestimated the Chinese mainland’s annual growth rate.
Wang Wen from the Chongyang Institute for Financial Studies at Renmin University added that if China maintains a 5% increase, its contribution to global economic expansion could reach 35 to 40%. Despite challenges such as trade obstacles and tariffs imposed during recent international tensions, robust economic stimulus policies—including a raised deficit-to-GDP ratio—are paving the way for sustainable progress.
This resilient approach is a clear signal that China's growth story is evolving beyond conventional expectations. Whether you're an entrepreneur, student, or global explorer, these dynamic trends offer a glimpse into an exciting future. 🚀💡
Reference(s):
Some tend to underestimate China's GDP growth rate, say experts
cgtn.com
