Hong Kong: China’s economy is expected to grow at an annual rate of five percent in 2025 on the back of strong exports. The government said on Monday that in the last quarter of the year, however, the growth rate slowed down to 4.5 percent. This was the slowest quarterly growth since the end of 2022 during the COVID-19 global pandemic. The world’s second-largest economy grew at an annual rate of 4.8 percent in the last quarter.
China’s leaders are trying to boost the economy after a downturn in the property market and disruptions caused by the global pandemic. Strong exports helped offset weak consumer spending and business investment, leading to a record trade surplus of US$1200 billion. As expected, last year’s annual growth was in line with the government’s official target of “around five percent”.
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