India, March 5 -- China maintained its growth target for 2025 but the government became more cautious about nominal growth and inflation outlook amid heightened uncertainty surrounding the U.S trade tariff threats.
Beijing aims to achieve growth target of "around 5 percent" for 2025, which was unchanged from the 2024 goal, Premier Li Qiang said at the 14th National People's Congress on Wednesday.
Beijing lifted its budget deficit estimate to "around 4 percent" of GDP from 3 percent last year, the work report submitted to the top legislature for deliberation showed. The government aims to raise defense spending by 7.2 percent this year.
However, inflation target was lowered to "around 2 percent" from 3 percent in previous year. The new ta...