In January, Chinese authorities announced that they have reached the economic growth target of 5% for the year 2025. However, Beijing reported a slowdown in economic expansion, which decreased to 4.5% in the last three months of the previous year. This slowdown was driven by weak domestic spending and a prolonged real estate crisis, which continues to affect the economy. These data suggest that, despite achieving the long-term target, the Chinese economy is currently facing significant challenges, which could influence future development prospects.
Sources
Latest News
13:43
Poland: 15-year-old teenager detained after attacking three school employees. One of the victims died
13:41
Lithuania sends troops to the border with the Russian exclave of Kaliningrad
13:33
The Commission supports national taxes on windfall profits in the energy sector, while ECOFIN will discuss a possible European response
13:31
After Cristela, another woman close to Călin Georgescu was summoned to DIICOT for questioning
13:25
Sorin Grindeanu rejects the technocratic government / PSD calls for a stable political majority until 2028
See more news