Xi Jinping's Vision: Navigating China's Economic Path Amidst Global Challenges

Chinese President Xi Jinping emphasized the need for strategic economic adjustments in response to an evolving international environment. Amidst global trade tensions with the U.S., Xi outlined China's five-year plan, focusing on stability, growth, and security, aiming for a 5% growth target by 2025.

Chinese President Xi Jinping has stressed the necessity for China to adapt its economic strategies to contend with a shifting global landscape. Speaking in Shanghai, he outlined the nation's upcoming five-year plan focusing on economic and social development. This comes as the U.S. trade war impacts financial markets, raising recession fears.

Xi outlined critical measures the country must undertake from 2026 to 2030, urging in-depth analysis to ensure the effectiveness of these objectives. Despite U.S. tariffs imposing significant challenges, Xi proposed ambitious growth targets, prioritizing local economic development and preparation for extreme cases.

Furthermore, Xi pledged to stabilize the economy, boost employment, and develop new policies to safeguard livelihoods. He highlighted the importance of balancing development with security, calling for a comprehensive approach to internal and external risks.

(With inputs from agencies.)