Crisis Management for a Conflict with North Korea
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金观平：有能力实现全年经济社会发展目标
Jin Guanping: Capable of Achieving Annual Economic and Social Development Goals
China Daily | Local Language | News | Dec. 9, 2025 | UndeterminedEconomic Growth
As 2025 nears its end, China’s economic performance reflects steady progress amid a challenging international environment and significant domestic reform and development tasks. Under the leadership of the Party Central Committee with Comrade Xi Jinping, coordinated efforts across regions and sectors have enabled China’s economy to withstand pressures while maintaining stability and growth. The country is confident in its ability to meet its annual economic and social development goals.
China’s economic foundation remains solid, with GDP growing 5.2% year-on-year in the first three quarters, a rate notable for both scale and quality. Employment conditions are stable, with the urban surveyed unemployment rate decreasing to 5.1% in October. Consumer prices have shown positive trends, shifting to year-on-year increases in the CPI and core CPI for six consecutive months. The balance of international payments is stable, supported by a 3.6% growth in imports and exports and foreign exchange reserves exceeding $3.3 trillion. These indicators demonstrate the resilience and overall health of the economy.
Progress is driven not solely by growth quantity but also by transformative quality and innovation. Technological advancements, particularly in artificial intelligence, the digital economy, and the green economy, are accelerating industrial innovation. China has prioritized expanding domestic demand, strengthening domestic circulation, and deepening market integration by removing barriers and fostering a conducive environment for the private sector. Openness to foreign trade continues to grow, expanding China's international "circle of friends" and enhancing the synergy of domestic and international economic cycles, thereby reshaping the country’s long-term economic potential.
Despite the complexities and intertwined risks facing the economy, China’s stable and advancing development is attributed to precise macroeconomic management by the Party Central Committee and unified national effort. The country’s long-term positive economic trajectory remains unchanged, supported by the advantages of its socialist system, large market, comprehensive industrial base, and vast human resources.
Challenges persist, including external uncertainties, insufficient domestic demand, and operational difficulties for some enterprises. While the country possesses a strong foundation to meet its goals, continued focused and precise policy efforts are needed to successfully conclude the 14th Five-Year Plan and ensure a strong start to the 15th Five-Year Plan.