Authors
Steve HankeCaleb Hofmann
Outlet
Fortune Magazine
Type
Op-ed
Date published
March 11, 2025
Countries/regions
China
Topic
China Economy
Permalink
Last edited time
Aug 7, 2026 3:32 AM
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China Has Only One Real Way to Hit Its 2025 Growth Target
Author: Steve H. Hanke and Caleb Hofmann
Outlet: Fortune
Date: March 11, 2025
Hanke and co-author Caleb Hofmann assess Premier Li Qiang's announced 2025 targets of 5% real GDP growth and 2% inflation, which imply a nominal GDP growth target of roughly 7% per year. The authors argue that given the headwinds facing China's economy, stimulating domestic demand and consumption is the only realistic path for Beijing to hit that target, rather than relying on external trade or investment-led growth alone.
Full Citation:
"China has only one real way to hit its 2025 growth target," Fortune, March 11, 2025. (with Caleb Hofmann)