May 2nd, 2025
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China's economy grew 5.4% from January to March. The government said this.
The trade war makes China's economy slower. China and the U.S. put high taxes on things they buy from each other.
China's leader, Xi Jinping, is visiting countries in Asia this week. He is talking about free trade. He says China is strong and sure when things are not easy.
Xi visited Vietnam, Malaysia, and Cambodia. A U.S. official, Sean O'Neill, will visit Vietnam, Cambodia, and Japan this week.
China wants to trade with many countries, not just the US. It goes to big trade shows to show this.
China's economy grew 5% in 2024. Exports helped this. This year, the goal is 5% growth too.
Sheng Laiyun said the taxes will hurt China's economy a little now, but not for a long time. He said China sells less to the US now.
China's economy is strong and can grow. We can deal with problems from other countries and reach our goals, Sheng said.
The economy grew 1.2% from January to March. Before that, it grew 1.6% at the end of 2024.
China sold many things to other countries in March and the first three months of the year.
Much of this happened at the start of the year.
Factories made 6.5% more things than last year. Making machines went up by almost 11%.
Growth was strong in new technologies. Making electric cars grew a lot, by 45.4% from last year. Making 3D printers grew by 45%. Making robots grew by 26%.
China's economy grew fast, but it is slower now. People are not spending a lot of money because many people don't have jobs.
Prices for things people buy went down a little. This may mean people are not buying as much as companies are making. Also, people are not buying many houses. House buying went down a lot from last year. This happened even though the government tried to help people buy houses.
Problems with taxes are coming. This is bad for China. China wants companies to invest and hire more people. China also wants people to spend more money.
Economists are careful because Trump changes his ideas about the trade war.
Things changed in the last two weeks. It is hard to know about the taxes the U.S. and China put on each other.
Two big banks think the economy will grow about 4.6% this year.
Trump put a small tax on things from China. Later, he made the tax bigger. Now, the tax is very big on most things from China.
Experts think China will sell less to the US.
China is working hard to make people buy more things and help businesses.
May 2nd, 2025
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