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Jai Hamid

Xi Jinping touts AI and chip advances in New Year's Eve address as China targets 140 trillion yuan GDP in 2025

On December 31, 2025 in Beijing, Xi Jinping used a New Year's Eve speech to highlight China's gains in AI, semiconductors, defense technology and its 140 trillion yuan GDP goal for 2025. He pointed to DeepSeek's model launch, a wave of chip IPOs, a trade surplus above $1 trillion and a confirmed 5% growth target, while acknowledging weak investment, soft consumption and ongoing property sector pressures.
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