China’s first-quarter economic growth beats estimates as tariffs loom

euronews (in English)

China’s first-quarter economic growth beats estimates as tariffs loom  China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy. However, its economic outlook remains uncertain.  READ MORE : http://www.euronews.com/2025/04/16/chinas-first-quarter-economic-growth-beats-estimates-as-tariffs-loom  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Transcript

00:00China's economy expanded at 5.4 percent annual pace in the first quarter of 2024, surpassing

00:07analysts' expectations.

00:09This growth was supported by strong exports, which preceded U.S. President Donald Trump's

00:13rapid increase in tariffs on Chinese goods.

00:16Now, uncertainties loom as trade tensions escalate, but Chinese officials believe that

00:21U.S. tariffs will not change the overriding trend of China's economic growth.

00:26To counter external issues and problems that arise due to sluggish domestic demand and

00:50the housing market, Beijing has rolled out further stimulus measures, including raising

00:54its budget deficit to 4 percent of GDP, which is the highest in three decades, as part of

01:00a highly proactive fiscal strategy.

01:03China also lowered its inflation target to 2 percent for 2024 and introduced measures to

01:08boost household incomes and consumer spending.

01:12March data revealed impressive gains across key sectors.

01:15And although Chinese stock markets struggled amid escalating U.S.-China trade tensions, the

01:20yuan remained stable against the dollar.

01:24China appointed a new top international trade negotiator on Wednesday to be able to navigate

01:28the ongoing conflicts.

Category

Transcript

Recommended