During 2026… Xi declares his confidence in the ability of the Chinese economy to achieve growth

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During 2026… Xi declares his confidence in the ability of the Chinese economy to achieve growth

Eternal Chinese President Xi Jinping is confident that New China "Xinhua" The announcement is in line with the government’s stated goal, and is equivalent to the growth recorded in 2024, which also reached 5%.

The second largest economy in the world has been facing increasing pressure for years, as consumer spending has not yet recovered from the sharp decline caused by the Corona pandemic.

China is suffering from an ongoing debt crisis in the real estate sector, surplus industrial capacity, and the escalation of the trade dispute with Washington.

China is overcoming difficulties. Challenges

In his remarks to the Chinese People’s Political Consultative Conference, Xi said, according to Xinhua: "We overcame many difficulties and challenges, achieved our goals and completed our tasks to the fullest extent, and succeeded in achieving the main goals of economic and social development, and the growth rate is expected to reach about 5%."China: "It has overcome many difficulties and challenges in recent years, but its economic, technological and defense capabilities have been strengthened"

He added, according to Xinhua: "Major AI models are competing for the top spot, and R&D breakthroughs have been made on our chips".

He pointed out that it is China "Focus on their goals and tasks, build confidence, and build momentum to move forward in the year ahead".

Data issued on Wednesday highlighted a positive indicator for the authorities, as factory activity expanded in December, emerging from an 8-month contraction.