China Says Economy Grew 5% Last Year, Driven by Exports

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  China’s economy hits 5% growth target but rate among slowest in decades

  Latter part of 2024 ‘recovered remarkably’ after stimulus measures, says National Bureau of Statistics. Business live – latest updates China’s economy grew by 5% in 2024, in line with ...
  
  The Guardian - 7h
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  China’s population falls for a third straight year, posing challenges for its government and economy

  China’s population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world’s second most populous nation.
  
  NBC News - 14h

• US imposes export controls on chips for AI to counter China

  American semiconductor industry warns move will aid competitors while EU has also protested against the new rules
  
  Financial Times - 3d
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  Biden Administration Makes Last-Ditch Effort to Curb AI Chip Exports

  The new rules meant to govern exports of sophisticated AI processors are meant to address national security concerns, but have already provoked an industry pushback.
  
  Inc. - 4d
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  China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

  China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald Trump
  
  ABC News - 4d
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  Export-Import Bank launches initiative to counter China's mineral dominance

  The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S. supply chains. The Export-Import Bank (EXIM), a ...
  
  The Hill - Jan. 8

• The economy grew rapidly in the past 2 years. Can it keep it up under Trump 2.0?

  The economy has grown rapidly in the past two years and companies hope to get another lift from a business-friendly Trump White House — but stiffer headwinds could clip the sails of the U.S. in 2025.
  
  MarketWatch - Jan. 7

• China’s economy still hasn’t fully emerged from the pandemic as a new year dawns

  Weak consumer demand is just one of a range of factors plaguing the economy as the calendar turns from 2024 to 2025, even after policy makers meted out stimulus measures throughout the past year.
  
  MarketWatch - Jan. 6

More from The New York Times

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  What Did Trump’s Tax Cuts Do?

  Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
  
  The New York Times - 6h
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  Spain Overhauls Domestic Violence System After Criticism

  Spain uses an algorithm to score how likely a domestic violence victim is to be abused again. A Times investigation last year identified flaws in the system.
  
  The New York Times - 14h
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  Facing a Flurry of U.S. Sanctions, China Prepares to Hit Back

  With days until Donald Trump is sworn in, China is bracing for a trade war, aiming at industries as diverse as semiconductors, apparel and industrial plastic.
  
  The New York Times - 9h
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  What to Know About Plane Maintenance After the South Korean Crash

  Airlines have been increasingly outsourcing repair and upkeep work to other countries, but experts and consumer groups disagree about its impact on safety.
  
  The New York Times - 9h
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  The Cost of Surviving a Wildfire

  Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.
  
  The New York Times - 1d

More in Business

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• Hopes are high that home builders will fix America’s housing crisis. But the data tell a different story.

  Construction of new homes jumped in December, but a look at 2024 overall shows builders weren’t ramping up construction despite strong demand.
  
  MarketWatch - 13m

• Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors

  Digital Currency Group, the crypto firm founded by Barry Silbert, is paying the SEC $38.5 million for misleading investors.
  
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• Trump is a ‘wild card’ for the stock market, this trader says. He’s buckling up.

  Volatility is the “new norm,” market pro Jeff Bierman predicts.
  
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