China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality.
China’s announcement on January 17th that its economy had grown by an estimated 5% in 2024, right on target, was greeted with widespread disbelief on the country’s social media. “It feels unreal—everything around me seems so bleak,
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy and bolster its position globally.
China has seen a year of green triumphs and high-tech gains, but how its economy navigates real estate woes, cautious consumers and the return of Trump remains to be seen.
China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.
From a Mach-4 drone being unveiled in China to business concerns over rising tensions, here’s a round-up from today’s China and economy coverage.
"But do not let that achievement fool you. Under the hood, the economy's engine is struggling to get into gear," he warned. However, Francois Chimits from the Mercator Institute for China Studies said the figure should be regarded with some scepticism as ...