China Hits 5% GDP Target But Trump Tariffs Threaten Further Growth.

China's economy exceeded expectations with a 5.4% growth in the last quarter of 2024, bringing the full-year growth to 5%. However, concerns arise as consumption growth remains below pre-pandemic levels, property investment contracts, and deflation persists. Chinese leaders are expected to focus on fiscal policy to bolster growth amidst potential US tariffs that could impact exports. Efforts to boost consumption and address housing issues are key priorities for China in 2025. [Extracted from the article]