Space News from SpaceDaily.com
China says economy grew 5.4% in first quarter, beating forecasts
ADVERTISEMENT


Beijing, April 16 (AFP) Apr 16, 2025
China on Wednesday said its economy grew a forecast-beating 5.4 percent in the first quarter as exporters rushed to get goods out of factory gates ahead of swingeing new US tariffs.

Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since US President Donald Trump launched a global tariff assault that has particularly targeted Chinese imports.

Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent toll on US imports.

Official data Wednesday offered a first glimpse into how those trade war fears are affecting the Asian giant's fragile recovery, which was already feeling the pressure of persistently low consumption and a property market debt crisis.

Beijing's National Bureau of Statistics (NBS) said that "according to preliminary estimates, the gross domestic product in the first quarter... (was) up by 5.4 percent year on year at constant prices".

That was above the 5.1 percent predicted by analysts polled by AFP ahead of the data release.

Industrial output also soared 6.5 percent in the first quarter of the year, up from 5.7 percent in the final three months of 2024.

And retail sales, a key gauge of consumer demand, climbed 4.6 percent year-on-year, the NBS said.

But Beijing warned the global economic environment was becoming more "complex and severe" and that more was needed to boost growth and consumption.

"The foundation for sustained economic recovery and growth is yet to be consolidated," the NBS said, adding there was a need for "more proactive and effective macro policies".


ADVERTISEMENT





Space News from SpaceDaily.com
Tianwen 2 captures Earth and moon from deep space on asteroid mission
Venus atmosphere mapped over a decade using Himawari satellite data
China launches international association to boost global access to deep space research

24/7 Energy News Coverage
A New Alloy is Enabling Ultra-Stable Structures Needed for Exoplanet Discovery
GE Vernova and Fortum take steps toward Nordic deployment of BWRX-300 SMRs
Asian markets mixed as trade deal cut-off looms

Military Space News, Nuclear Weapons, Missile Defense
Iran supends cooperation with UN nuclear watchdog
Rocket Lab clears key design milestone for SDA low Earth orbit constellation
US halting some shipments of military aid to Ukraine

24/7 News Coverage
Relief coming for Europe after brutal heatwave
Japan updates 'megaquake' preparedness plan
Fiji says would not welcome China military presence in Pacific



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.