From Reuters, January 16:
- China's Q4 GDP grows 5.4% y/y, beating market forecast
- 2024 GDP expands 5.0%, meeting the government's target
- 2025 outlook clouded by trade tensions as Trump returns
BEIJING, Jan 17 (Reuters) - China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.
For the full-year 2024, the world's second-largest economy grew 5.0%, data from the National Bureau of Statistics data showed on Friday, meeting the government's annual growth target of around 5%. Analysts had forecast 4.9% growth.
The economy grew 5.4% in the fourth quarter from a year earlier, significantly beating analysts' expectations and marking the quickest since the second quarter of 2023.Analysts polled by Reuters had forecast fourth-quarter gross domestic product (GDP) would expand 5.0% from a year earlier, quickening from the third-quarter's 4.6% pace as a flurry of support measures began to kick in.On a quarterly basis, GDP grew 1.6% in October-December, compared with a forecast 1.6% increase and a revised 1.3% gain in the previous quarter....
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