Unpacking China's 2025 government work report: What's backing the 5% growth target?

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  This is World Today.

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  Hello and welcome to World Today.

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  I'm Zhao Ying.

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  Coming up, China targets economic growth of around 5% in 2025.

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  How achievable is this goal?

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  European Commission President Ursula von der Leyen has proposed an 800 billion euros plan to rearm Europe.

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  Does this mark a turning point in transatlantic relations?

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  China has set its GDP growth target for this year at around 5%.

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  Premier Li Qiang announced the target in his government work report

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  at the annual session of the National People's Congress.

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  The report also outlines an array of other development goals,

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  including a surveyed urban unemployment rate of around 5.5%,

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  over 12 million new urban jobs, and an increase in the consumer price index of around 2%.

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  The premier also pledged support for the development of new quality productive forces.

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  And AI.

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  China will make domestic demand the main engine of economic growth

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  and will issue actual loan special treasury bonds to support its consumer trade in programs.

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  For more, we are joined by Dr. Zhang Gong,

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