China targets economic growth of around 5% in 2025

China targets an economic growth rate of around 5 percent in 2025, according to a government work report submitted Wednesday to the national legislature for deliberation.

The report also outlines an array of other key development goals for this year, including a surveyed urban unemployment rate of around 5.5 percent, over 12 million new urban jobs, and some 2-percent increase in the consumer price index.

The country achieved economic growth of 5 percent in 2024 as an impactful policy package, along with other pro-growth measures, fueling strong economic momentum.

On a global scale, a growth rate of around 5 percent places China among the world's fastest-growing major economies, with the economic increment equating to the annual output of a mid-sized country.