BEIJING has announced that China's economy grew five per cent last year, meeting the official target as strong exports and a concerted stimulus effort mostly offset weak domestic demand, reports London's Financial Times
BEIJING has announced that China's economy grew five per cent last year, meeting the official target as strong exports and a concerted stimulus effort mostly offset weak domestic demand, reports London's Financial Times. The result was slightly better than analysts' forecasts in a Reuters poll but weaker than growth in 2023, when the economy expanded 5.2 per cent.
GDP rose 5.4 per cent year on year in the fourth quarter, as a government stimulus that kicked off in September gained momentum.
Analysts expect Beijing to set its growth target for 2025 at five per cent for the third year in a row, though trade is expected to face headwinds with threatened tariffs by incoming US president Donald Trump.
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