China Gdp

China Gdp News

Bad news for China as the World Bank predicts GDP for 2025 to fall due to..

Vikas Mehta | Dec 27, 2024, 4:29 PM IST

In the report, it is cited that the world's second-biggest economy will face a slowdown in the coming year due to weak domestic demand and problems in the property sector. Moreover, the country's growth will be affected when US President-elect Donald Trump takes office in January. It is expected that he will increase US tariffs on Chinese goods.

China Sets Economic Growth Target at 'Around 5%' for 2023

Associated Press | Mar 5, 2023, 9:10 AM IST

Premier Li Keqiang, the top economic official, set this year's growth target at "around 5%" following the end of anti-virus controls that kept millions of people at home and triggered protests. Last year's growth in the world's second-largest economy fell to 3%, the second-weakest level since at least the 1970s.

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