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.
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.
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.
China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.
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’s economy grew 5% in 2024, driven by stimulus measures, strong exports, and high-tech investment, despite challenges like weak domestic demand and demographic pressures. Structural reforms and targeted policies are essential for sustaining growth ...
"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 ...
Brown highlights the global risk at the heart of the China-Taiwan conflict and asserts U.S. efforts of strategic ambiguity are "the best posture" for stability.
Trump discussed his economic agenda in a virtual discussion with those gathered at the World Economic Forum meeting in Davos, Switzerland. He threatened tariffs against businesses