Global Echoes on China | Fabian Zuleeg: China has made huge economic progress

南方财经全媒体集团全国两会报道组 施诗、杨雨莱 北京、广州报道

China has set the GDP growth target at "around 5 percent" for 2025, the same as last year's, maintaining last year’s goal, as the world's second-largest economy emphasizes stimulating domestic demand across the board with more supportive policies, according to the Government Work Report released on March 5.

In recent years, some Western media considered that China's economy is in recession, as China's GDP growth is no longer sustained at a high-speed level. However, "around 5 percent" doesn't mean China's economy is sluggish. It reflects the continuity and consistency of China's policies.

Chief Executive Officer and Chief Economist at the European Policy Center Fabian Zuleeg said, China has made huge economic progress over the last few decades, which is very impressive.
“It has resulted in a great decrease in poverty and a rise in living standards,
which is probably unprecedented.”