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 has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth
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.
However, recent examples of Beijing punishing companies for their ties to Taiwan have made U.S. businesses cautious in their efforts to avoid China in the production of drones, an
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Chinese people on the streets of Beijing said Monday they were keeping expectations low ahead of the inauguration of Donald Trump, as his second White House stint could push China-US ties into a new era of uncertainty.
By Clare Jim, Ziyi Tang, Kane Wu HONG KONG (Reuters) -After numerous measures to resolve a liquidity crisis in the property market in recent years, Beijing is expected to end up dusting off an old playbook and step in directly to stabilise a state-backed developer seen as a bellwether for the sector.
China is one of the most populous countries in the world, surpassed only by India. By the end of 2023, China boasted a population of about 1.4 billion people. Although this marked the country's second year of population decline,
China's development model is at a crossroads, with a choice between much higher spending on pensions and healthcare or industrial upgrades and urbanization.
China's economy has so far failed to achieve a robust post-pandemic ... slipping into deflation last month as consumers remain wary of pulling out their wallets. Beijing has recently unveiled some of the most aggressive measures in years aimed at boosting ...
China's leaders are bracing for potential shocks to the economy from higher tariffs once U.S. President-elect Donald Trump takes office.
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.