{"id":132529,"date":"2025-10-19T19:36:10","date_gmt":"2025-10-19T19:36:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/132529\/"},"modified":"2025-10-19T19:36:10","modified_gmt":"2025-10-19T19:36:10","slug":"chinas-economy-can-grow-by-up-to-5-until-2030-ex-finance-vice-minister-zhu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/132529\/","title":{"rendered":"China\u2019s economy can grow by up to 5% until 2030: ex-finance vice-minister Zhu"},"content":{"rendered":"<p>China can sustain annual growth of 4.5 to 5 per cent over its <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/article\/3326468\/chinas-15th-5-year-plan?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">next five-year plan<\/a> period, former finance vice-minister Zhu Guangyao has said, just days ahead of a key Communist Party conclave to roll out the 2026-2030 blueprint.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWe have full confidence that we will accomplish the economic development goal this year. The economic growth will be around 5 per cent,\u201d Zhu said at a conference in Beijing on Friday, hosted by the Chongyang Institute for Financial Studies at Renmin University.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cI personally think that we will keep this 4.5 to 5 per cent growth annually in the next five years and that will build up a solid foundation to achieve the 2035 goal,\u201d he said, referring to the government\u2019s pledge to \u201cbasically achieve socialist modernisation\u201d by that year.<\/p>\n<p><img decoding=\"async\" alt=\"Zhu Guangyao addresses the conference at Renmin University in Beijing on Friday. Photo: Handout\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/10\/0ce36cba-aa73-47ec-8792-3b9a42400948_deb5b132.jpg\" title=\"Zhu Guangyao addresses the conference at Renmin University in Beijing on Friday. Photo: Handout\"\/>Zhu Guangyao addresses the conference at Renmin University in Beijing on Friday. Photo: Handout<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The comments from Zhu, who served as finance vice-minister between 2010 and 2018, come as China prepares for the fourth plenum of the 20th party congress.<\/p>\n<p>The four-day event from Monday will see hundreds of members of the party\u2019s top policymaking <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/politics\/article\/3328127\/chinas-fourth-plenum-poised-highest-central-committee-turnover-8-years?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Central Committee<\/a> gather in Beijing to discuss and endorse proposals for what will be China\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3326644\/eating-old-savings-can-chinas-15th-5-year-plan-be-panacea-spending-woes?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">15th five-year plan<\/a>.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The meeting comes at a crucial time for the world\u2019s No 2 economy, as it tackles all-out rivalry with the United States.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The full five-year plan, to be finalised in March during the annual national legislative session, will set key targets and priorities for a wide range of sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"China can sustain annual growth of 4.5 to 5 per cent over its next five-year plan period, former&hellip;\n","protected":false},"author":2,"featured_media":132530,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[291,1793,79,79411,381,79410,13947,179,18,7697,19,17,3573,292,75792,4913,384,107,3997,79409],"class_list":{"0":"post-132529","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-ai","9":"tag-beijing","10":"tag-business","11":"tag-central-committee","12":"tag-china","13":"tag-chongyang-institute-for-financial-studies","14":"tag-communist-party","15":"tag-economy","16":"tag-eire","17":"tag-ember","18":"tag-ie","19":"tag-ireland","20":"tag-jensen-huang","21":"tag-nvidia","22":"tag-renmin-university","23":"tag-united-nations","24":"tag-united-states","25":"tag-us","26":"tag-xi-jinping","27":"tag-zhu-guangyao"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/132529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=132529"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/132529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/132530"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=132529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=132529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=132529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}