Asian Traders Give Mixed Reaction as China’s Economic Growth Slows

Kang Yi, Director of the National Bureau of Statistics, speaks during a press conference about the National Economic Performance for 2024, next to Fu Linghui (R), spokesman for National Bureau of Statistics, and Shou Xiaoli (L), director general of the Press Bureau of the State Council Information Office (SCIO), in Beijing on January 17, 2025. ADEK BERRY / AFP

Asian markets were mixed Friday as data showing China’s economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.

The five percent expansion was in line with Beijing’s target but the weakest since 1990—excluding the pandemic years—as leaders fought to address weak consumption and a painful debt crisis in the vast property sector.

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by Agence France-Presse

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