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China's economy meets official growth target
China's economy meets official growth target, but many feel worse off
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: China's GDP expands 5 pct in 2024, meeting annual target
According to preliminary estimates, the gross domestic product of China was 134 trillion yuan in 2024, approximately 18 trillion U.S. dollars, which is an increase of 5 percent over the previous year,
China’s Economic Growth Hits Target Amid Rising Challenges
Chinas economy grew 5% in 2024, meeting its target, but concerns over imbalanced growth persist. Industrial gains overshadowed consumer spending, with many citizens reporting declining living standards.
Trump threatens China
Trump threatens China: More tariffs are coming on Feb. 1
President Donald Trump on Tuesday warned that even more tariffs could be coming as soon as next week: This time China was his target, as Trump threatened to unleash a wave of higher taxes on imports from America’s second-biggest trading partner.
Trump Says He Is Discussing 10% Tariff on China on Feb. 1
U.S. President Donald Trump on Tuesday said his administration is discussing imposing a 10% tariff on goods imported from China on Feb. 1 because fentanyl is being sent from China to Mexico and Canada.
Have Trump’s tariff threats helped China boost its exports?
But more broadly, Trump has also accused China of unfair trade practices. China, the world’s largest exporter, has a massive balance of trade advantage with the US. In the first 11 months of 2024, Chinese exports to the US totalled about $401bn, while China imported approximately $131bn in goods from the US.
2d
on MSN
China’s Economy Is Terrifying the Middle Class. They’re Sending Savings Abroad.
Now, while Covid has receded in the rearview mirror of most Chinese, the term has gained new life as China’s economy ...
22h
China's frugal young adults accelerate saving, raising economic risks
The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the ...
21m
China and US partners are moving closer as Trump returns to the White House
China's relations are starting to improve with Japan, India and other countries that former U.S. President Joe Biden courted, just as Donald Trump brings his more unilateralist approach back to the ...
China Briefing
1d
China’s Economy Report Card for 2024: GDP, Trade, FDI
China's economy grew 5% in 2024, driven by exports and high-tech investment, but faces weak demand and some demographic ...
4d
China's Economy Faces Historic Setback Not Seen in Over Half a Century
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
19h
on MSN
China's huge talent pool gives it an edge in the global EV race, says CATL exec
China can tap a large software engineer talent pool from its consumer-focused companies, Pan Jian of battery maker CATL told ...
5d
China Says Economy Grew 5% Last Year, Driven by Exports
Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports ...
16h
China Is Building A Supergrid - And So Should We
As China builds a supergrid, the West must modernise its energy infrastructure for resilience, decarbonisation, industrial ...
2d
on MSN
China's ageing villages face yawning healthcare gap in fragile economy
David Wei had to carry his nephew on his back for 3 km (1.9 miles) after the younger man suffered a heart attack, staggering ...
13d
China counts on microwaves, rice cookers to revive economic growth
China has added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer ...
3h
China’s luxury sales see biggest drop in decade amid economic slowdown
Luxury giants like LVMH and Kering have shed hundreds of billions of dollars in their market value. Read more at straitstimes ...
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Donald Trump
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