Decoding China's economic blueprint

Decoding China's economic blueprint

At the 14th National People's Congress, China announced its unchanged growth targets, an increased fiscal deficit, and a focus on boosting domestic consumption.
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How is China planning to achieve 5% GDP growth in 2025?

Dong Chen, Chief Asia Strategist and Head of Asia Research at Pictet Wealth Management, and Cary Yeung, Co-Head of Emerging Market Corporate and Head of Greater China Debt at Pictet Asset Management, discuss the government's key strategies, including expanding government bond issuance, enhancing social welfare, and stabilising property prices.

Despite challenges from U.S. tariffs, China's economy shows resilience through a tech-driven market rally and promises growth through the government’s continued AI investments and expanded AI applications.

Watch the video to learn more about:

  • Key outcomes from the 14th National People’s Congress
  • Can domestic consumption revitalize China’s economy?
  • Will Trump’s tariffs on Chinese goods affect China’s growth?
  • Renminbi outlook for 2025
  • Chinese credit outlook for 2025
  • Chinese equity market outlook for 2025
  • Market rally from tech and DeepSeek
  • China’s next stage in AI development

About Pictet

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  • 724
    BN CHF
    Assets under management or custody*
  • 24.5
    Percent
    Total capital ratio*
  • 212
    Percent
    Liquidity coverage ratio*
  • 5500+
    Full-time equivalent employees

*Figures as of 31 December 2024

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