ECONOMY

Chart of the Day: Over a Dozen Chinese Provinces Set Lower GDP Targets

Published: Jan. 21, 2025 8:22 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Around half of the Chinese mainland’s provincial-level governments have set 2025 GDP growth targets lower than last year’s, as domestic demand remains tepid and the international environment continues to be unstable.

The goals were announced as local legislative meetings took place in January. Of the 31 provincial-level regions, 15 set targets lower than last year’s.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Half of China's provincial-level governments set lower 2025 GDP growth targets compared to last year, with Tianjin being the only exception increasing its target to around 5%.
The weighted average GDP growth target across the 31 regions is 5.26%, slightly below last year’s 5.41%.
Consumption growth targets are higher, with Hainan aiming above 10%, contrasting with fixed-asset investment growth in some regions ranging from 8% to above 15%.

AI generated, for reference only

Who’s Who

Huachuang Securities Co. Ltd.: Huachuang Securities Co. Ltd. is an analyst firm mentioned in the article, which provided an analysis of the weighted average GDP growth target for China's 31 regions, noting it as 5.26%, slightly lower than the previous year's 5.41%. They also predict a national GDP target of 5% for the year, ahead of its official announcement.

AI generated, for reference only

What Happened When