China Sets Out 2025 Economic Goals at Top Political Meetings Amid Tariff War With US

Contact Your Elected Officials
The Epoch Times Header

The country ‘is currently at its worst economic situation in nearly 20 years,’ one expert said.

The Chinese communist regime has announced its economic goals for the coming year. The announcement came at its annual top political meetings known as the “Two Sessions,” amid an ongoing tariff war with the United States.

Observers have said that the official economic targets have political meaning over and above simply reflecting China’s economic reality, especially given the impact of U.S. tariff increases on Chinese goods.

Chinese Premier Li Qiang said in his government work report at the National People’s Congress—China’s rubber stamp legislature—on March 5 that China’s gross domestic product (GDP) growth rate is set at around 5 percent for 2025. The urban surveyed unemployment rate will be around 5.5 percent, with more than 12 million new urban jobs; and the consumer price index (CPI) will increase by about 2 percent.

The “Two Sessions”—the National People’s Congress and the Chinese People’s Political Consultative Conference—started on March 4 and is expected to last for a week. The United States’ additional 10 percent tariffs on Chinese goods took effect on the same day.

The tariff was added on top of a previous 10 percent tariff increase on Chinese goods last month.

The 20 percent tariff increase is in addition to any Section 301 tariffs implemented during the first Trump administration or the Biden administration, making certain products from China subject to 45 percent tariffs in addition to normal duty rates.

In retaliation, the Chinese communist regime announced that starting March 10, up to 15 percent in additional tariffs will be imposed on some products from the United States. It added 15 U.S. entities to its export control list.

“If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,” China’s embassy to the United States posted on social media platform X on March 5.

“China’s countermeasures are limited and mostly symbolic, but its attitude is relatively tough. It shows that Beijing will not hesitate to sacrifice China’s economic development for political stability and control,” Chinese American economist Davy J. Wong said of China’s retaliation to the U.S. tariff increase.

By Alex Wu

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Government Shutdown, Health Care, Tax Breaks=Perfect Storm

The shutdown over cuts to health subsidies for the poor stems from Trump’s OBBB plan, which critics say funneled trillions to the wealthy.

3I/Atlas Comet or UFO Arrives Tomorrow!

The 3I/Atlas object is hurtling toward our solar system on a strange path and composition, set to pass behind the sun, obscuring visual and radio tracking.

‘I’d Be Finished’: Vaccine Researcher Trashes Own Study to Save Career

Most doctors comply with the system, following orders to keep their jobs, income, and prestige, even if it means setting aside independent judgment.

Kamala, Please Run Again

Kamala Harris hinted she wants to run for President in 2028, despite poor poll numbers and her loss in 2024. If she runs, the big winners will be the GOP.

Rosie O’Donnell vs. Her Therapist

Rosie O’Donnell's therapist attempted to artfully introduce to her client to the possibility that Rosie's outrage might be performative. It didn’t take.

Federal Judge Extends Order Blocking Firings During Shutdown

A federal judge on Oct. 28 indefinitely blocked the Trump administration from firing federal employees during the ongoing federal government shutdown.

Los Angeles Dethrones Chicago as ‘Rattiest’ US City

Los Angeles has dethroned Chicago as the “rattiest” U.S. city after more than a decade, becoming the new top haven for rodents.

Prediction of Climate Catastrophe Loses Some of Its Strongest Advocates

Bill Gates says the “doomsday view” of climate catastrophe is wrong, signaling a major shift in the global warming debate.

DOJ to Review Biden’s Use of Autopen for Pardons

The DOJ will review the Biden administration’s use of an autopen for thousands of pardons, U.S. Attorney General Pam Bondi confirmed Tuesday.

Trump, Japanese PM Sign Critical Minerals, Rare Earths Deal

The U.S. president visited Tokyo on the second leg...

Trump Hikes Canada’s Tariffs by 10 Percent for Not Pulling Anti-Tariff Ad Immediately

Trump announced he will increase tariffs on Canada by 10% after ad by provincial government of Ontario misrepresented President Reagan’s speech on tariffs.

Trump Rolls Back Emissions Rules on Copper Smelters

President Trump issued a proclamation aimed at reversing a Biden-era environmental rule that enforced stricter air emission standards on copper smelters.

Donor Gives $130 Million to Cover Shortfall in Troop Pay During Shutdown

Trump announced on Oct. 23 that an anonymous donor sent $130M to cover military pay during the ongoing government shutdown.
spot_img

Related Articles

Popular Categories

MAGA Business Central