🇨🇳China Hits 5% GDP Target But Trump Tariffs Threaten Further Growth Bloomberg reports that economy jumps in final quarter on policy pivot, strong exports. Donald Trump’s return may hurt trade and a key growth driver. 📊 With the stimulus bump in the last quarter, annual consumption growth languished below pre-pandemic levels, property investment contracted by the most on record and deflation persisted for a second straight year. Once adjusted for falling prices, nominal GDP expanded only 4.2% in 2024, the slowest since the economy opened up in the late 1970s barring the pandemic slump. 📊Chinese leaders planned to raise the budget deficit to 4% of GDP and triple sales of special treasury bonds. China is set to announce its growth goal for 2025 at an annual parliamentary session in March, which is likely to be similar if not identical to last year’s based on provincial goals already announced. But to achieve 5% growth may be tougher this year. 📉Officials are also allowing special local bonds to be used by city governments to acquire unsold homes and buy back unused land, in moves aimed at easing the cash crunch faced by developers and boosting land prices by reducing supply. However, progress has been slow in the initiative to reduce housing inventory, as well as in a government-led drive to renovate urban villages. Read full: ⬇️⬇️⬇️ en review.uz/en/zz3 ru review.uz/zz3 More analytics ⬇️⬇️⬇️ © Экономическое обозрение © Иқтисодий шарҳ © Economic Review telegram | facebook | twitter|linkedin