The Chinese foreign minister spoke by phone with Marco Rubio, the new secretary of state who has been a critic of Beijing.
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.
Travellers thronged railway stations and airports on Friday, clutching large suitcases and gifts such as boxes of fruit as they joined millions of Chinese returning to their hometowns to celebrate the Lunar New Year festival with family.
Beijing's industrial economy has delivered a strong performance in 2024, with the combined added value of its industry and information software sector exceeding 1.7 trillion yuan, accounting for nearly 35% of the city's GDP and contributing almost 60% to its economic growth,
China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth
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.
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Chinese people on the streets of Beijing said Monday they were keeping expectations low ahead of the inauguration of Donald Trump, as his second White House stint could push China-US ties into a new era of uncertainty.
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 has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth HONG KONG -- China's economy ...
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.