Beijing, China – China's economy demonstrates strong resilience and is on track for approximately 5 percent growth in 2025, according to officials and experts at the 2025-2026 China Economic Annual Conference. The China Center for International Economic Exchanges (CCIEE) hosted the event in Beijing on Saturday, December 13, 2025. Senior economic officials outlined strategies to boost domestic demand, accelerate green development, and maintain overall stability in the coming year. ^[1][2][3]### Strong Economic Performance Expected China's national economic output is projected to reach about 140 trillion yuan, or $19.8 trillion, by the end of 2025. This marks a significant increase, building on previous milestones of 110 trillion, 120 trillion, and 130 trillion yuan. H^[2][4]an Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, noted that major economic indicators performed better than anticipated. I^[2][3]nternational institutions like the International Monetary Fund and Goldman Sachs have recently raised their growth forecasts for China. H^[1][2][4]an emphasized that China remains the world's largest contributor to global economic growth. ^[2][3]The country has effectively managed extraordinary challenges during the 14th Five-Year Plan period (2021-2025), including the pandemic, supply-chain disruptions, and natural disasters. E^[2][4]mployment stayed generally stable, and foreign trade expanded rapidly. E^[2][3]xport diversification also showed clear results. ^[2][3]### Proactive Policies to Drive Growth Policymakers pledged continued support to push forward high-quality development. China plans to maintain a more proactive fiscal policy, including an appropriate fiscal deficit, debt level, and expenditure scale. T^[1][5]his approach aims to support near-term growth while allowing flexibility for future risks. ^[1][5]Monetary policy will remain moderately accommodative. Efforts will focus on improving policy transmission and strengthening support for domestic demand. A^[1][5]uthorities also aim to keep the renminbi exchange rate stable at a reasonable and balanced level. B^[1][5]etter coordination among fiscal, financial, and reform policies is crucial to ensure consistency and reinforce their combined impact. ^[1][5]Han Wenxiu highlighted "five key imperatives" for economic work. These include fully tapping into economic potential by expanding consumption, investment, technology, industry, and promoting urban-rural integration. H^[4]e stressed the need to adhere to a dual approach of policy support and institutional reform to address cyclical, structural, and systemic issues. ^[4]### Boosting Domestic Consumption A significant focus of the conference was boosting consumption. Officials plan to remove unreasonable restrictions in the consumption sector. This will unlock the potential of service consumption. T^[1]hey also aim to expand the provision of high-quality goods and services to match evolving consumption patterns. T^[1]he conference recognized substantial growth potential in inbound consumption, calling for improvements to the environment for overseas visitors. ^[1]New policies, such as large-scale equipment upgrades and consumer goods trade-in programs, are already driving strong sales growth. F^[1]or example, new energy vehicle penetration reached nearly 60 percent in November. C^[1]onsumption related to sports events, culture, and tourism also remained robust. ^[1]### Accelerating Green Development and Innovation Green development was reaffirmed as a key feature of high-quality growth. The conference called for drafting a blueprint for a strong energy system. T^[1]his includes accelerating the development of a new energy framework and improving the clean and efficient use of fossil fuels. E^[1]xpanding the use of green electricity is also a priority. ^[1]China will pursue steady progress toward carbon peaking goals. This involves deeper energy-saving and carbon-reduction upgrades in key industries. F^[1]urther development of the national carbon emissions trading market is planned. T^[1]he country also aims to cultivate new growth drivers such as hydrogen energy and green fuels, and build zero-carbon industrial parks and factories. ^[1]Innovation continues to be a driving force. Accelerated progress has been made in modernizing the industrial system. N^[3]ew quality productive forces are developing steadily. C^[3]hina leads globally in research, development, and application of artificial intelligence, biomedicine, and robotics. ^[2][3]### Strengthening Internal Capabilities The conference emphasized the importance of strengthening internal capabilities to meet external challenges. This includes continuously strengthening, optimizing, and expanding the real economy. E^[4]nhancing independent innovation capabilities is also critical. B^[4]y bolstering its own strength, China aims to seize the initiative in international competition and cooperation. ^[4]Officials acknowledged that weak domestic demand remains a primary challenge for the nation's economy. T^[6]he Central Economic Work Conference, which preceded the CCIEE event, outlined plans to intensify fiscal and monetary measures in 2025 to address this issue. T^[6]his includes potential reductions in the reserve requirement ratio and interest rates. ^[6]The conference reinforced China's commitment to balancing short-term recovery with long-term economic transformation. Policymakers aim to ensure stability and progress while navigating complex economic dynamics. ^[6]

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