Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Chinese exports and investment in Mexico are quickly rising. The Trump team fears its neighbor could be used as a backdoor to the U.S. market.
China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.
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China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support their elders.
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.
The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.
As Donald Trump prepares for his second term, China’s dominance of global manufacturing is greater than ever.
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.
Deliveries of electric and plug-in hybrid cars on the mainland fell 50 per cent month on month to 206,000 units in the first 12 days of the year.
The shadow foreign secretary on Labour’s naivety over China, Trump’s greatest strength and why the UK desperately needs conservative values