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News in English (USA) / 17.01.2025 / 14:00

China Achieves 5% Economic Growth Target Amid Mixed Reactions

China has reported a GDP growth of 5% for 2024, successfully meeting its official target, largely driven by strong exports and aggressive stimulus measures. The fourth-quarter growth was 5.4%, surpassing market expectations, as the economy shows signs of resilience despite growing skepticism about the reported figures. Many citizens express dissatisfaction with economic conditions, reflecting a sentiment of gloom on the streets of Beijing. While analysts are divided on whether this growth is sustainable, some suggest that ongoing trade tensions, particularly with the U.S., could pose challenges ahead. Asian markets reacted mixedly to the news, with Chinese stocks enjoying a significant week, even as fears of future tariffs loom.
The New York Times, The Wall Street Journal, Reuters, CNBC, Financial Times, CNN, Yahoo Finance, Bloomberg, The Guardian, South China Morning Post