Chinese President Xi Jinping has said that the expected 5 percent economic growth target for 2025 has been met. He said this in a New Year's Eve address.

China had previously achieved 5 percent growth in 2024 and is expected to grow at a similar rate this year. 

China, the world's second-largest economy, has been under pressure in recent years. The Chinese economy has not been as strong as it once was, as consumer sentiment has weakened since the COVID pandemic. 

The property sector's debt crisis, industrial overcapacity and escalating trade tensions with the United States have weighed on the country.

"We have achieved the main goals of economic and social development despite the challenges," Xi told the Chinese People's Political Consultative Conference. He said overall social stability and anti-corruption momentum remained intact.