Xi: China on Track for 5% Growth in 2025, Economy to Hit $20 Trillion

• President Xi Jinping projects China's economy to grow by around 5% in 2025, maintaining a high global ranking.
• China's economy is expected to reach $20 trillion by 2025, marking the end of the 14th five-year plan.
• December factory activity expanded, with the official PMI rising to 50.1, ending an eight-month slump.
• Xi urged unity to navigate "high winds, choppy waters" amidst challenges like declining investment and slowed retail sales.
• Government focuses on boosting consumer spending, foreign investment, and tech self-reliance for future growth.

Why It Matters: China aims for 5% growth in 2025, balancing positive factory data with investment challenges.