2025-03-05
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This is the Beijing Hour, examining the events that impact and shape China and the rest of the world.
This is the Beijing Hour, one hour of news and information brought to you every weekday.
Now, here's your host, Shane Bigham with you on this Wednesday, March 5, 2025.
You're listening to the Beijing Hour coming to you live from the Chinese capital.
On today's program, the annual session of China's legislature has set a GDP growth target of around 5% and Chinese authorities at the local level are ramping up efforts to help businesses expand globally.
Beijing's put levies on many US Goods in response to Washington's latest tariffs targeting China in business.
China is taking steps to foster emerging and future industries and today we have Part three of the Yellow River Mosaic series, telling stories of people whose lives are intertwined with the famous Chinese waterway.
Today we continue our story at a remote school on the Qinghai Xijiang Plateau.
Now check in the day's top stories.
China set its GDP growth target for this year at around 5% as the country's national legislature started its annual session in Beijing.
Chinese President Xi Jinping and other leaders attended the opening meeting.
Premier Li Chung delivered a government work report where he outlined key tasks for the year ahead.
Li pledged support for the development of new quality productive forces and artificial intelligence.
He also said China will adopt a moderately loose monetary policy and issue ultra long special treasury bonds to support the Consumer trade in program.
Zhou Jiaxin has details.
The initial agenda of China's top lawmakers.
Week long sessions A glimpse of the world's second largest economy's outlook through 2025.
The main targets for development this year are projected as GDP growth of around 5% surveyed urban unemployment rate of around 5.5% over 12 million new urban jobs CPI increase of around 2% in setting the growth rate at around 5%, we have taken to account the need to stabilize employment, prevent risks and improve the people's well being as well as the potential for growth and conditions.
Supporting growth, a target of around 5% is well aligned with our mid and long development goals and underscores our resolve to meet difficulties head on and strive hard to deliver.