China is taking steps to drive economic growth through consumption with the release of the “Special Action Plan for Boosting Consumption.” Issued by the General Office of the CPC Central Committee and the General Office of the State Council, this plan outlines a comprehensive framework to increase consumer purchasing power, enhance market conditions, and promote sustainable economic development.

Foreign trade is a key pillar of China’s open economy and plays a crucial role in facilitating both domestic and international market integration. Strengthening foreign trade and investment remains a priority, with a strong focus on expanding service trade, green trade, and digital trade to enhance market access and foster global partnerships.

China has set its GDP growth target for 2025 at “around 5%”, a figure that reflects a careful balance between economic opportunities and challenges. As one of the most closely watched indicators in the annual government work report, this target plays a crucial role in shaping market expectations, guiding macroeconomic policies, and ensuring stable economic growth.

During the Third Session of the 14th National People’s Congress premier Li Qiang presented China’s stance on the development of foreign trade for 2025. China will remain steadfast in its commitment to opening-up and will steadily extend institutional opening-up and continue to promote the stable development of foreign trade.

2025 marks the final year of the 14th Five-Year Plan. During the Third Session of the 14th National People’s Congress, premier Li Qiang presented that in terms of the continuous development of its economy, China has set itself the goal to complete the goals and tasks of the “14th Five-Year Plan” with high quality and lay a solid foundation for the “15th Five-Year Plan”.

As China approaches the final year of its 14th Five-Year Plan (2021–2025), significant progress has been made in achieving key economic, social, and technological development targets.