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President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffsChina’s economy is on course to expand by 5% in 2025, according to its president, Xi Jinping, meeting official growth targets and rebutting concerns that Donald Trump’s incoming US administration will harm Beijing’s prospects in the new year.Using his annual address to the nation, Xi sought to allay fears that the world’s second-largest economy would falter over the next 12 months after the government battled to prevent a slide towards recession during 2024. Continue reading…
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Source link : https://www.theguardian.com/world/2024/dec/31/xi-china-economy-trump-tariffs
Author : Phillip Inman and agencies
Publish date : 2024-12-31 15:52:00
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Xi says China’s economy on course to expand by 5% despite Trump concerns
