Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.

China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.

China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.

China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support their elders.

The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.

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.

The last time Trump hit China with tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has signaled the country should defend its currency.

Named after the city in which the company is headquartered, the BYD Shenzhen recently undocked from Yangzhou port, northwest of Shanghai.

SHENYANG, January 19. /TASS/. The official opening ceremony of the 4th Made in Russia festival organized by the Russian Export Center will take place on Sunday in Shenyang, the capital of the Province of Liaoning in Northeast China.

President-elect Donald J. Trump has made big promises on Ukraine, Iran, China and crises around the globe. But he will have to make difficult choices.

The 170 million TikTok users in the U.S. could be in for a rude awakening come Sunday if they suddenly find the enormously popular video-sharing app is inaccessible because of a law passed by a bipartisan majority in Congress last year.