Despite Trump's tariffs, China's economy will grow 5% in 2025, driven by strong exports

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ChinaDespite Trump’s tariffs, the U.S. economy will grow at an annual rate of 5% through 2025, driven by strong exports.

However, the government said on Monday that growth slowed to 4.5% in the final quarter of the year. It was the slowest quarterly growth since late 2022 during the COVID-19 pandemic. The world’s second-largest economy grew at an annual rate of 4.8% in the last quarter.

China’s leaders have been trying to spur faster growth after a slump in the housing market and the economic damage caused by the epidemic.

Strong exports helped make up for weakness in consumer spending and business investment, contributing to a record $1.2 trillion trade surplus.

As expected, last year’s annual growth was in line with the government’s official expansion target of “around 5%”.

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