China on Wednesday set its gross domestic product growth target at around 5 percent for 2025 during its annual parliamentary session, vowing to implement more proactive fiscal policy and monetary easing steps to tackle challenges such as trade tensions with the United States.The world's second-largest economy also said it will increase its military spending in 2025 to 1.78 trillion yuan ($250 billion), a 7.2 percent jump from last year, according to a budget report delivered at the National People's Congress session. The rate of growth was the same as the year-on-year expansion in 2024.Beij…READ FULL ARTICLE
