China’s economy has a solid foundation with new growth drivers despite facing some challenges in the coming year, a spokesman for the top legislature said on Tuesday, as dates for the parliament’s annual session were announced.
The annual session of the National People’s Congress (NPC) will kick off on Wednesday and run until March 11, lasting for seven days.
During the session, Beijing is expected to announce its economic growth target for 2025.
“Undoubtedly, the adverse impacts brought the external environment have deepened and China’s economy still faces some difficulties and challenges,” Lou Qinjian said.
“But it’s more important to note that China’s economy has a solid foundation, many advantages, strong resilience and vast potential.”
With the United States doubling additional tariffs on Chinese imports, the spokesman said trade disputes should be settled within the framework of the World Trade Organisation (WTO).
“By imposing unilateral tariffs, the US has violated WTO rules and disrupted the security and stability of the global industrial and supply chains,” Lou said.
“We hope the US can work in the same direction as China and find a solution through equal-footed consultation. China is also ready to work more closely with other countries to safeguard the hard-earned multilateral trading system, oppose unilateralism and protectionism, and advance a universally beneficial and inclusive economic globalisation.”
The spokesman said the progress of DeepSeek reflects the rise of Chinese companies in artificial intelligence, saying such firms have become the backbone of the country’s science and technology development.
Lou said while artificial intelligence technologies are accompanied by “unknown risks”, China attaches great importance to their development.
