Experts on Wednesday said China's economic goals announced at the opening session of this year's National People's Congress are reasonable and attainable.

The government work report delivered by Premier Li Qiang said GDP growth is tipped to reach five percent in 2025. It also said more than 12 million new urban jobs will be created and that authorities are aiming for a two percent increase in the consumer price index.

Witman Hung, the Director of the Greater Bay Area Research Center of the China Silk Road iValley Research Institute, said the economic growth target is reasonable.

“We should never underestimate the ability of the Chinese government to meet those targets, I mean if you look at the past, they’re pretty good at forecasting and then meeting the target,” Hung told RTHK’s Backchat programme.

“Five percent [GDP growth] is a reasonable estimate. The inflation side, two percent is a good one, it can be anywhere up and down a little bit.”

Speaking on the same programme, senior fellow at Taihe Institute and the Chairman of Asia Narratives, Einar Tangen, said China had the capacity to deliver on its jobs creation pledge.

“You have to remember that China is not like the US or Europe – they’re not guessing what it can be – if they want to create 12 million jobs, they can simply take all the jobs that are being created by the private sector and then add additional jobs directly through the government or through state-owned enterprises, etcetera,” Tangen said.

“And in terms of growth rate, I think it’s reasonable. As I said, people have to remember China is not like the rest of the world – they have the tools to do that. It also comes down to cost or how much debt they’re going to pile on, and things like this,” he added.