Insight

China GDP Growth Beats, Tariff Threat Looms

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Algo Research Team


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Key Summary:


  • GDP growth pushed by stimulus in 4Q24
  • Trade surplus reached near $1tn in 2024
  • Tariff talk softer than expected for now

The Chinese economy grew better than expected in 2024 supported by stimulus measures & exports, but it is now faced with a tariff threat from the new United States government.


GDP growth stood out: China’s economy increased substantially in 4Q24 at +5.4% year-on-year (YoY), the fastest in six quarters, and exceeded analysts’ estimate of +5% YoY.


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