Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.
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.
Named after the city in which the company is headquartered, the BYD Shenzhen recently undocked from Yangzhou port, northwest of Shanghai.
A growing number of countries are confronting the dual challenges of population decline and aging. China said Friday that its population fell for a third straight year in 2024.
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.
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.
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.
ByteDance's CapCut suspends US services following a Supreme Court mandate to either sell TikTok or face a ban, impacting millions of users. Passed due
“People really don’t even know if Denmark has any legal right to it, but if they do, they should give it up, because we need it for national security,” Trump said. If Danish officials don’t cooperate with his bid to take over Greenland, he added, “then I would tariff Denmark at a very high level.”