May 2nd, 2025
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China's economy grew by 5.4% from January to March.
Experts think China's economy will grow slower because of new taxes on goods from other countries.
China's leader Xi Jinping is visiting countries in Asia this week. He wants to talk about buying and selling things freely. He says China is a safe and sure place when times are not easy.
Xi went to Vietnam, Malaysia, and Cambodia. A man from the U.S. government, Sean O'Neill, will go to Hanoi and Ho Chi Minh City in Vietnam this week. He will also go to Siem Reap in Cambodia and Tokyo.
China wants to trade with many countries, not just the US. It shows this at trade shows.
China's economy got bigger by 5% in 2024 because they sold things to other countries. This year, they want it to grow by about 5% too.
A person from the government said the taxes will make China's economy a little bad now. But he said it will still grow later. He also said China sells fewer things to the US now than five years ago.
China's economy is strong. It can change easily and has a good future. We can face problems from outside and reach our goals, Sheng said.
From January to March, the economy grew a little. It grew 1.2%. This is slower than the end of last year, when it grew 1.6%.
China sold many things to other countries in March, more than last year.
Many people bought things fast because they thought prices would go up.
Factories made 6.5% more things than last year. They made nearly 11% more machines.
Making electric cars grew a lot last year. It grew about 45% more than the year before.
China's economy is not growing fast after COVID-19. People are not spending much money because they are worried about jobs.
Prices went down a little at the start of the year. Maybe people are not buying everything businesses make. Buying houses was also low. It went down about 10% from last year. The government tried to help people get money to buy homes, but it still went down.
China has problems with new taxes. This makes it hard for companies to grow and for people to buy things.
Economists are careful because Trump changes his ideas about trade.
It is hard to know how the USA and China taxes will change.
Some big groups think the economy will grow about 4.6% this year.
First, Trump put a 10% tax on things from China. Then he put a 20% tax. Now, things from China have a 145% tax in the US.
UBS says the tariffs could make China sell less to the US and other countries.
China wants people to spend more money and help companies.
May 2nd, 2025
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