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.
Donald Trump’s second term in office is getting off to a good start for China.
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.
China's slowing economy is still waiting for the promised government support to kick in. Senior economic and finance officials have told reporters in the last two weeks that fiscal support is in the works,
Travellers thronged railway stations and airports on Friday, clutching large suitcases and gifts such as boxes of fruit as they joined millions of Chinese returning to their hometowns to celebrate the Lunar New Year festival with family.
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.
"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 ...
The movement to eliminate the free trade perks China enjoys in the U.S. is gaining steam under Republican control of government.
HONG KONG — China’s economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and recent ...
China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.