Economy weathered a fraught geopolitical landscape to reach 5% goal but domestic structural challenges ‘not going away’, say experts
China said its economy had grown 5% last year, hitting Beijing’s official target as the world’s second-largest economy overcame Donald Trump’s tariff war with a record trade surplus.
Data released on Monday by Beijing’s National Bureau of Statistics showed the Chinese economy hit the official target of “around” 5% – the same growth as in 2024 – despite a slowdown to 4.5% in the final three months of the year.
Continue reading…Economy weathered a fraught geopolitical landscape to reach 5% goal but domestic structural challenges ‘not going away’, say expertsChina’s population falls again as birthrate hits record lowBusiness live – latest updatesChina said its economy had grown 5% last year, hitting Beijing’s official target as the world’s second-largest economy overcame Donald Trump’s tariff war with a record trade surplus.Data released on Monday by Beijing’s National Bureau of Statistics showed the Chinese economy hit the official target of “around” 5% – the same growth as in 2024 – despite a slowdown to 4.5% in the final three months of the year. Continue reading…