Chongqing targets 6 percent GDP growth in 2025

Chongqing is targeting GDP growth of approximately 6 percent in 2025, said Hu Henghua on Sunday when delivering the government work report at the opening ceremony of the third session of the 6th Chongqing Municipal People's Congress.

Hu, Chongqing's mayor, said this year's key targets for the municipality's economic and social development also encompass a 5 percent increase in fixed asset investments, a 5 percent growth in retail sales of consumer goods, positive growth in imports and exports, creating 650,000 new urban jobs, a projected 4.5 percent increase in general public budget revenue, a 6 percent growth in per capita disposable income for all residents, a 2 percent rise in consumer prices (CPI) and a 2.5 percent reduction in energy consumption per unit of GDP.

"The past year was a milestone in the development history of Chongqing," said Hu, adding that in 2024, the city's economy maintained steady progress, with positive development trends, steady growth of new quality productive forces, improvement in industrial structure, deepening reform and opening up, continuous enhancement of urban and rural governance levels and improvement in people's well-being.

He noted the city will focus on eight key areas of work, which include leading in high-quality development in the western region, fostering international cooperation and opening up, deepening comprehensive reforms, modernizing urban governance, promoting urban-rural integration and rural vitalization, building a Beautiful China, developing cultural tourism and improving the quality of life.

This year's two sessions in Chongqing will run until Wednesday.