Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
The last time Trump hit China with tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has signaled the country should defend its currency.
Chinese President Xi Jinping said Beijing is ready to work with Hanoi to build a community with a shared future of strategic significance, China's official Xinhua news agency reported on Saturday.
China's economy grew 5% in 2024, meeting its growth target of around 5%.
China's imports of unwrought aluminium and aluminium products fell 8.6% in December from the same month a year earlier to 300,000 metric tons, customs data showed on Saturday.
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.
As Donald Trump prepares for his second term, China’s dominance of global manufacturing is greater than ever.
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.
China notified the International Monetary Fund on Thursday that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas told reporters, calling the development a "positive surprise" compared to the IMF's forecast of 4.
With days until Donald Trump is sworn in, China is bracing for a trade war, aiming at industries as diverse as semiconductors, apparel and industrial plastic.
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.