Xi Jinping to Outline Economic Strategy as U.S. Escalates Trade Tariffs

China's annual 'Two Sessions' meetings will address domestic economic challenges and technological advancements amid rising U.S. trade tensions.

President Xi Jinping is set to unveil China's economic policies during the National People's Congress (NPC) and Chinese People's Political Consultative Conference (CPPCC), known as the 'Two Sessions.'
The NPC is expected to adopt a growth target of approximately 5% for 2025, with measures to boost domestic consumption and address deflationary pressures.
The U.S. has doubled tariffs on Chinese imports to 20%, intensifying trade tensions as China seeks to reduce reliance on exports and enhance its domestic economy.
China plans to support private sector growth through the Private Economy Promotion Law and foster technological self-sufficiency, particularly in artificial intelligence and semiconductors.
Economic strategies will focus on stabilizing the property market, increasing social welfare benefits, and encouraging innovation to compete with U.S. technological advancements.