Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
Premier Li Qiang calls for all-round jobs support as commerce ministry vows to further open up telecoms, medical care and education sectors.
China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support their elders.
China's economic growth likely fell fractionally short of the government's five percent target last year, according to an AFP survey, as leaders head into 2025 steeling for the second presidency of Donald Trump amid fears of another painful trade standoff.
A top Civil Affairs Ministry official stressed new reforms must be rolled out over the next decade to be effective.
The LBMA Gold Price AM in USD fell in December while the Shanghai Gold Benchmark Price PM in RMB rose, supported by a weakening local currency. Read more here.
Jens Nordvig built his macro research firm on sourcing and crunching data. He’s detecting profound shifts in behaviour as markets and politics intersect.
-- Most important technology trends: AI, robotics, space, autonomous vehicles, crypto, the app economy and social media. -- Most important macroeconomic trends: Higher interest rates, higher inflation, U.S. economic growth, deregulation, tax cuts, on-shoring workers, rising energy demand/prices, housing shortage and money-supply growth.
It'll take time for Trump's tariffs to be implemented, but goods could still start getting more expensive in the meantime.