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.
Twelve people have died and at least 10 others were injured after a Polish-registered bus overturned on a motorway in eastern Hungary, officials sa...
North Korean leader Kim Jong Un reaffirmed the deepening of ties with Russia in a message to President Vladimir Pu...
A wildfire in Croatia driven by st...
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
At least 47 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Iran says the U.S. war and military presence in the region have worsened marine pollution around the Strait of Hormuz, calling for environmental protection to form part of future arrangements governing the strategic waterway.
Twelve people have died and at least 10 others were injured after a Polish-registered bus overturned on a motorway in eastern Hungary, officials said.
North Korean leader Kim Jong Un reaffirmed the deepening of ties with Russia in a message to President Vladimir Putin as Pyongyang marked the anniversary of independence from Japan's colonial rule, KCNA state news agency said on Sunday.
Australia's New South Wales state will start a gun buyback in November, Prime Minister Anthony Albanese said on Sunday, part of the national response to a shooting spree that killed 15 at a Jewish festival in Sydney, the state capital.
A Spanish F-18 fighter jet pilot on a NATO air policing mission shot down a drone illegally breaching Romanian national airspace, the fourth unmanned aircraft the country has shot down this year, Romania's Defence Ministry said on Sunday.
Russian forces launched a missile attack on Kyiv early on Sunday, sparking fires in at least two districts of Ukraine's capital, Mayor Vitali Klitschko said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment