US EditionChina’s fourth-quarter GDP grows at 5.4%, beating market expectations as stimulus measures kick in
- China's GDP grew by 5.4% in the fourth quarter, exceeding market expectations, as stimulus measures took effect.
- The Central Bank plans further rate cuts in 2025, signaling a shift to a 'moderately loose' monetary policy.
- Analysts warn that consumer confidence must improve to boost domestic consumption amid uncertain export outlooks.
- Despite growth matching the government's target, economists predict further slowing in growth this year and beyond.
194 Articles
194 Articles
US Listed Chinese Stocks Rally As China's GDP Growth Data Fuels Optimism - Alibaba Gr Hldgs (NYSE:BABA), JD.com (NASDAQ:JD)
U.S.-listed Chinese stocks including Alibaba Group Holding (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), JD.com, Inc (NASDAQ: JD), PDD Holdings Inc (NASDAQ: PDD), NIO Inc (NYSE: NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV) gained on Friday in sympathy with acceleration of China’s economic activity beating expectations for the last quarter of 2024 as stimulus measures kicked in. China’s gross domestic product expanded by 5.4% in the fourth q…
China's economy grew strongly by 5.4 percent year-on-year in the fourth quarter of 2024, beating market expectations, as a flurry of stimulus measures propelled the economy to meet its growth target of around five percent for the whole of last year.
Chart of the Day: Key takeaways from China's 2024 economic figures
China's GDP growth hit 5 percent, meeting the annual target for 2024. The growth was led by industrial output and exports. For the fourth quarter, the world's second-largest economy grew 5.4 percent, exceeding estimates.
China's economy, the second largest in the world, recorded an expansion of 5% in the total of 2024, thus meeting the official target set by the Government, as reported by the National Bureau of Statistics (ONE) on Friday. China's gross domestic product (GDP) reached 134.9 billion yuan (€17.9 trillion) last year, with an annual expansion of 3.5% in the primary sector and 5.3% in industry, while the growth in the service sector in the year was 5%.…
ThePatriotLight - Futures higher, State Street to report, China GDP
ThePatriotLight - Investing.com - US stock futures edge higher prior to the final trading day of the week on Wall Street, with traders pouring through recent economic data, corporate earnings, and possible policy shifts during the incoming Trump administration. State Street (NYSE:) and Citizens Financial (NYSE:) Group are due to report their quarterly returns, while Nintendo shares slip after the video game giant unveils the latest version of it…
Beijing. The Chinese economy expanded 5 percent in 2024, reported the National Bureau of Statistics, which exceeded expectations amid the recovery difficulties shown by the Asian country. Analysts predicted a closure of 4.9 percent.
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