Nation poised to meet 2025 growth goal

Sustained recovery, stimulus, demand uptick to inject vitality, economist says

China is on track to meet its 2025 growth target, with the economy expected to expand by 5 percent annually, given its continued recovery, a raft of stimulus measures, blossoming emerging industries, and gradual rebound in demand, an expert on economic policy said.

"China is accelerating its shift toward a technology — and innovation-driven growth model," said Sun Xuegong, director-general of the department of policy study and consultation at the Chinese Academy of Macroeconomic Research, a think tank under the National Development and Reform Commission, the country's top economic regulator.

"Emerging sectors such as high-tech manufacturing, electric vehicles, new energy, and the biotech industry are playing an increasingly significant role in driving growth, which is a favorable factor," he said in an exclusive interview with China Daily recently. "On the demand side, retail sales are also on the rise, which will likely grow at a faster pace this year compared to last year, further strengthening the growth momentum."