Chinese President Xi Jinping has announced that China’s economy is projected to have grown by approximately 5% in 2025, with total GDP reaching about 140 trillion yuan ($20 trillion). The announcement came during his address at the annual gathering organized by the Chinese People’s Political Consultative Conference (CPPCC) National Committee, marking both the new year and the conclusion of the 14th Five-Year Plan period (2021-2025).
President Xi emphasized that despite significant global economic pressures, China demonstrated remarkable resilience and vitality throughout 2025 by pursuing innovation-driven, high-quality development. He noted that the country has successfully accomplished its primary economic and social development objectives during what he described as an ‘extraordinary year.’
With the 15th Five-Year Plan period (2026-2030) now commencing, President Xi called for comprehensive efforts to ensure a robust start to this critical development phase. He outlined several key focus areas including the implementation of more proactive and impactful macroeconomic policies, enhancing economic quality while maintaining reasonable expansion scale, and preserving social harmony.
Xi highlighted that China’s economic strength, technological capabilities, defense capacity, and comprehensive national power have reached unprecedented levels through five years of determined effort. This progress has fostered greater national purpose, resilience, and self-confidence in pursuing China’s modernization goals and national rejuvenation.
The President specifically urged the CPPCC, China’s paramount political advisory body and a crucial mechanism for multiparty cooperation, to concentrate its consultative work on the formulation and execution of the 15th Five-Year Plan. This coordinated effort aims to mobilize widespread support and collective strength for advancing Chinese modernization objectives throughout the new planning period.