China Meets 2024 Growth Target as Trade Tensions and Deflation Threaten 2025

The Guoyuan Port in Chongqing, China on January 11, 2025. AFP

China’s economy ended 2024 on a strong note, achieving its fastest quarterly growth in over a year. However, escalating trade tensions under the Trump presidency and the threat of deflation pose serious challenges to its 2025 growth outlook.

Exports surged, and stimulus measures kicked in, helping to reverse a months-long economic slowdown. Official data released on January 17 confirmed a 5.4% growth in the final quarter, enabling the country to meet its ambitious annual growth target of 5%.

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by Edwin Shri Bimo

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