Growth target of 5% achievable despite trade uncertainties

'Exports aren't the only engine'; realty, consumption underlined as key drivers

China's 2025 growth target of around 5 percent remains achievable despite major trade disruptions, while a sustained recovery will hinge on structural reforms to bolster consumer confidence and unlock long-term growth potential, said a renowned expert.

"As long as tariffs stay at current levels and trade tensions don't escalate, it's reasonable to expect growth to come close to that 5 percent target," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. "Exports aren't the only engine — real estate and consumer spending also play key roles."

Data from the National Bureau of Statistics showed China's retail sales grew 6.4 percent year-on-year in May compared with a 5.1 percent rise in April, the fastest pace since late 2023.