China has announced a GDP growth target of around 5% for the coming years, demonstrating confidence in its economy despite sluggish growth and ongoing challenges stemming from the U.S. trade war. The Chinese government has raised its budget deficit to unprecedented levels to bolster economic activity and has promised increased spending as part of its stimulus measures. Officials have emphasized their commitment to prevail over difficulties posed by trade tensions, aiming to prioritize consumer spending and technological advancements. As uncertainties loom, China remains defiant against external pressures, underscoring its resilience in achieving economic goals.