China Hits 2025 Growth Target Amid Strains, Xi Confident

• President Xi Jinping announced China is set to meet its 2025 economic growth target of around 5%, despite a year of "unusual strain."
• The economy is projected to have grown by approximately 5% in 2024, a pace expected to continue into 2025.
• Challenges include a prolonged property debt crisis, weak consumer confidence, industrial overcapacity, and US trade frictions.
• Xi expressed confidence in navigating difficulties, highlighting "overall social stability" and ongoing anti-corruption campaigns.
• Recent data showed a positive shift, with factory activity expanding in December after eight months of contraction.

Why It Matters: China's economy is on track for 5% growth in 2025, overcoming significant challenges, as stated by Xi.