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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.
By Keith Bradsher
Beijing and Jinan report, China
The economic scars of the destination’s genuine Chinese destiny turn are evident in the country’s many street markets for building materials. The owners of the owners of retail outlets that promote everything, lighting and doors to the bathroom, harm customers.
At the same time, Chinese exports have increased abruptly. Automobile, smartphone phones and many other products to foreign markets that can no longer sell at home. .
On Friday, the National Statistics Office said that the Chinese economy greater than 5% last year, while the increase in exports and investments forged in factories and commercial devices basically compensate a persistent cave in construction.
The government had set a “5%” target almost a year ago. The 2024 number was only slower than China’s expansion rate of 5. 2% in 2023, when the country rebounded after nearly 3 years of municipal lockdown, mass forties, and other strict pandemic measures.
The economy grew more strongly from October through December than during any other quarter in the year. Lifted by strong car sales, the Chinese economy expanded late last year at a pace that, if extended for a full year, would represent a growth rate of 6.6 percent.
While official figures lead to skepticism, government economists insist that the economy has recovered their foot. “The Chinese economy is recovering in the middle of the ups and downs,” said Yang Ping, director of Economic Studies of the National Development and Reform Commission, said economic creation plans for China.
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