China confident of meeting 2025 growth target

China’s state planner expressed confidence that the country will achieve its 2025 economic growth target of around 5%, pledging to roll out additional policies in the second quarter. Zhao Chenxin, vice chair of the National Development and Reform Commission, said China’s economic recovery still faced external challenges and required stronger foundations. Further measures would be implemented based on evolving conditions. Deputy central bank governor Zou Lan said monetary policy would remain moderately loose, with increased support for the economy and efforts to maintain yuan stability. Zou added that volatility in the US bond market had limited impact on China’s foreign assets, and the People’s Bank of China would act to stabilize market expectations.