China’s annual GDP growth meets market and government estimates of 5%.

China’s economy grew by 5% year-on-year in 2024, with a surge in the final quarter of the year, as a slew of stimulus measures began and helped meet Beijing’s growth target.

Fourth-quarter GDP beats expectations with 5.4% growth, according to China’s National Bureau of Statistics. Reuters-en inkestatutako ekonomialariek %5,0ko hazkundea aurreikusi zuten azken hiruhilekoan.

Growth was faster compared to 4.6% in the third quarter, 4.7% in the second quarter, and 5.3% in the first quarter.

pandemia argitaratu. as part of a

In December, retail sales rose 3.7% from a year earlier, beating the Reuters forecast of 3.5%. Industrial production rose 6.2% from a year earlier, compared with forecasts of 5.4%, underscoring the imbalance between China’s domestic output and weak demand.

Fixed asset investment rose 3.2% in 2024, compared with 3.3% growth forecast in a Reuters poll.

Since late September, Chinese authorities have called for an end to the real estate slump, (1,4 bilioi dolar) tokiko gobernuen finantzaketa krisia arintzeko. Beijing has also rolled out a program for consumers to trade in used cars and appliances, and buy new ones at a discount.

Top leaders have promised “proactive” fiscal measures and a “moderately loose” monetary policy stance for this year.

The real estate slump and uncertainty about future incomes have weighed on consumer spending and business confidence, adding to concerns about deflation.

.

The government is expected to unveil official growth targets for 2025 and additional stimulus measures at annual parliamentary meetings in March.

Economists predict China will hold its own if not a little low.

plan to introduce additional tariffs At least 10% in Chinese goods. Also He named some Chinese hawks

This is the latest news. Please check back later for updates.