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.
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.
The president says he “would rather not” impose tariffs on China, while saying it was his “one very big power” over Beijing.
The movement to eliminate the free trade perks China enjoys in the U.S. is gaining steam under Republican control of government.
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.
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 ...
A record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey released Thursday.
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.
"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 ...