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.
SeaNews Turkey
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.
SeaNews Turkey
