China’s economy ended 2024 on a stronger note than expected, driven by government stimulus measures. However, with rising tensions with the United States and ongoing domestic challenges, the outlook for 2025 remains uncertain.
China’s economy wrapped up 2024 with stronger-than-expected growth, bolstered by government stimulus efforts. However, challenges on the horizon—such as strained relations with the United States and weak domestic demand—raise questions about the recovery prospects heading into 2025.
According to recent data from the National Bureau of Statistics, China’s economy grew by 5.0% in 2024, meeting the government’s annual target. The fourth-quarter growth, in particular, was the strongest in over a year, reflecting the positive impact of the government’s support efforts.
Quarter-on-quarter, China’s GDP rose by 1.6%, a slight improvement from the previous quarter’s revised 1.3%, highlighting the effectiveness of Beijing’s efforts to stabilize the economy amidst ongoing challenges.
Despite the positive growth figures, China continues to face significant hurdles. The country’s property crisis remains unresolved, local government debt continues to rise, and domestic consumer demand remains weak. On the international stage, tensions with the United States are escalating. President-elect Donald Trump, set to take office next week, has proposed new tariffs on Chinese goods, which could further destabilize China’s export sector—a key driver of the country’s growth.
Although China reported a trade surplus of $992 billion in 2024, the yuan has been under pressure, hitting a 16-month low. Analysts point to a combination of factors, including a strong U.S. dollar, declining Chinese bond yields, and concerns about increased trade barriers.
December’s economic data suggests that Beijing’s stimulus measures are beginning to yield results. Industrial output and retail sales showed solid gains, spurred by government efforts and the seasonal boost from preparations for the upcoming Lunar New Year.
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran,...
Georgia has been described as unavoidable in Europe’s new connectivity plans linking the EU to Central Asia, but increasingly unpredictable a...
Pope Leo arrived on Tuesday in Equatorial Guinea, led by the world’s longest-serving president, marking the final leg of a four-nation Africa...
NATO Secretary‑General Mark Rutte’s two-day visit to Türkiye ahead of the July NATO summit in the ...
Afghanistan’s power utility chief has held talks in Tajikistan with officials and contractors to speed up the CASA-1000 electricity project a...
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
A rare Israeli security statement warning of an alleged Iranian-linked plot targeting global sites, including a key Azerbaijani pipeline, has drawn renewed attention to regional security dynamics.
Britain’s government outlined plans on Tuesday (21 April) to reduce household energy bills by encouraging wind and solar producers to adopt long-term fixed contracts.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
Progessive Bulgaria, led by pro-Russian Eurosceptic Rumen Radev is on track to form Bulgaria’s next government, after official results showed a runaway victory for the coalition in the Balkan nation's parliamentary elections on Monday (20 April).
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
A powerful 7.5 magnitude earthquake has struck off Japan’s north-eastern coast, triggering urgent tsunami warnings with waves of up to 3 metres expected, prompting residents to seek immediate safety.
The Trump Organization, a real estate conglomerate owned by U.S. President Donald Trump and managed by his sons, has announced plans to build Georgia’s tallest building in the capital, Tbilisi. The project will mark the first Trump-branded development in the region.
Pope Leo arrived on Tuesday in Equatorial Guinea, led by the world’s longest-serving president, marking the final leg of a four-nation Africa tour during which he has issued sharp denunciations of despotism and inequality.
NATO Secretary‑General Mark Rutte’s two-day visit to Türkiye ahead of the July NATO summit in the capital city underscores Ankara’s growing strategic importance at a time of heightened geopolitical uncertainty.
Britain’s government outlined plans on Tuesday (21 April) to reduce household energy bills by encouraging wind and solar producers to adopt long-term fixed contracts.
The escalating conflict involving Iran, the U.S. and Israel is fuelling what could become the most severe energy crisis the world has ever faced, according to the head of the International Energy Agency (IEA).
A Canadian woman has been shot dead and 13 others injured in a shooting at the Teotihuacan pyramids on Monday, one of Mexico’s most visited tourist attractions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment