Despite a tit-for-tat trade war with 47th US president Donald Trump, China's economy grew by 5.4 percent in the first three months of the year, exceeding expectations. This was reported by US magazine Newsweek.
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According to data released by China's National Bureau of Statistics (NBS) on Wednesday (April 16), China's economy grew 5.4 per cent in the first quarter (January-March) of 2025 - surpassing analysts' forecasts (5.1 per cent) in a poll by the British news agency Reuters. China's economy has shown these positive results despite the ongoing trade war and technology sanctions with the United States.
The expansion of government incentives and high-tech manufacturing in China has accelerated the growth of the country's industrial sector. China continues to dominate the global market in the export of electric vehicle (EV) solar panels and batteries.
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"Also, under China's" "dual circulation" "policy, the demand for consumer goods in the local market has increased." Retail sales in the country increased by 6.8 percent on https://www.profitableratecpm.com/kvx276dj?key=ad3b3f070aba4e9a00a763d1c48397bethe occasion of Lunar New Year.
China has already increased exports to Europe, Russia and Southeast Asia to reduce the impact of tariffs on the US market. New markets have been created through the Belt and Road Initiative (BRI).
According to IMF and World Bank forecasts, China is likely to maintain growth around 5% in 2025, a significant achievement in the wake of the global recession.
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However, analysts have warned that climate regulations (CBAM) and environmental tariffs on the European market could challenge China's exports.
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