A view of Shanghai. Photo: CFP

247 - The Chinese government assessed that the country's economy maintained resilience and stability in the first half of 2025, despite challenges faced both at home and internationally. The assessment was released on July 30 after a Communist Party of China (CPC) Central Committee Political Bureau meeting. 

According to the official Xinhua news agency, China's economy is underpinned by a stable foundation, multiple advantages, strong resilience, and great potential, and the supporting conditions and fundamental trends for long-term sound economic development have not changed.

For the coming months, the meeting indicated that macroeconomic policies will be maintained firmly and intensified if necessary, with a focus on expanding domestic demand and strengthening the service sector. 

The growth target for the year, of approximately 5% of GDP, was reiterated as a priority. Although ambitious, the projection has been viewed with more optimism by analysts and financial institutions, who in recent weeks have raised their forecasts for the performance of the Chinese economy.

The meeting also confirmed that the fourth plenary session of the 20th CPC Central Committee will be held in October. The session will study the proposals for formulating the 15th Five-Year Plan, which will set out the guidelines for China's development in the coming years.

(Reported by Brasil 247 on July 30, 2025)