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.
Donald Trump said he held a “very good” phone call with China’s President Xi Jinping, as the US-President elect prepares to return to the White House next week.
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.
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.
As Donald Trump prepares for his second term, China’s dominance of global manufacturing is greater than ever.
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.
This exceeded the earlier IMF forecasts. China has an expected economic growth rate of 4.6% in 2025, and the forecast for 2026 is 4.5%, attributed to the implementation of certain fiscal reforms. However, as Gourinchas points out, they are insufficient.
TikTok said it will be “forced to go dark” on Sunday, Jan. 19, unless it receives a “definitive statement” from the outgoing Biden administration that the app’s tech partners won’t be penalized under the divest-or-ban bill.