Biden says his administration successfully ‘managed’ frosty China relations to prevent outright conflict. Critics say he didn’t go nearly far enough.
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.
The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.
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.
China notified the International Monetary Fund on Thursday that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas told reporters, calling the development a "positive surprise" compared to the IMF's forecast of 4.
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 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.
The country’s population fell for a third straight year as deaths outpaced births.
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.