Beijing, March 5, 2025 – Premier Li Qiang delivered the 2025 Government Work Report at the Third Session of the 14th National People’s Congress, outlining a roadmap for high-quality development, innovation-driven growth, and people-centered policies.

Below are the key takeaways:

1. Economic Resilience & Growth

• GDP Growth Target: Approximately 5% in 2025, maintaining China’s position as the world’s top-performing major economy.
• Record Trade & Stability: Foreign trade reached historic highs, forex reserves exceeded $3.2 trillion, and unemployment stayed at 5.1%.
• Stimulus Measures: 5.66 trillion yuan fiscal deficit (4% of GDP) and 500B yuan special bonds to boost infrastructure, tech, and consumption.

2. Innovation & Future Industries

• “Artificial Intelligence+” Action Plan: Large-scale AI applications in manufacturing, robotics, and smart devices.
• Future Tech Leadership: Accelerate biomanufacturing, quantum computing, 6G, and commercial aerospace.
• New Energy Surge: 13M+ NEVs produced in 2024; offshore wind and green hydrogen projects expanded.

3. Expanding Domestic Demand

• Consumer Upgrade: 300B yuan for appliance/trade-in programs, relaxed tourism policies, and cultivation of “International Consumption Hub Cities.”
• Investment in Modernization: 735B yuan for key projects in tech, transport, and climate resilience.

4. Reforms & Opening-Up

• Private Sector Boost: Stronger legal protections, debt relief for SMEs, and crackdown on unfair fees.
• Global Engagement: Expanded visa-free access, Belt & Road upgrades, and push to join CPTPP & DEPA trade pacts.

5. Social Welfare & Livelihoods

• Pension Raise: 20 yuan/month increase for rural/urban retirees.
• Healthcare Upgrades: Better rural clinics, mental health services, and 30 yuan higher medical insurance subsidies.
• Job Creation: 12M+ new urban jobs, with youth and migrant worker support.

6. Green Transformation

• Carbon Neutrality Steps: Launch of national carbon footprint system and second batch of zero-carbon industrial parks.
• Pollution Fight: PM2.5 levels down 2.7%, with 87.2% “good air” days in cities.

7. Stability & Security

• Housing Market Support: Relaxed purchase rules, “urban village” redevelopment, and affordable housing loans.
• Food & Energy Security: 1.4 trillion jin grain output target, with tech-driven farming.

“Confidence gathers strength, and solid work composes magnificent chapters. We will advance Chinese modernization with unity and determination, ensuring a prosperous future for all.” — Premier Li Qiang

Full Speech in Chinese, click to download CN PDF file