China has vowed to maintain a 5% economic growth target for 2025 amid escalating trade conflicts with the US. Finance Minister Lan Fo’an stated that effective macroeconomic policies will be implemented to support this goal, despite skepticism from institutions like UBS and Goldman Sachs.
The Governor of the People’s Bank of China criticized US tariffs for negatively impacting global economic stability. Foreign Minister Wang Yi reiterated China’s commitment to international trade rules and multilateral cooperation, calling out the US for its perceived bullying tactics.
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