May 2nd, 2025
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China's economy grew 5.4% from January to March.
China's economy will grow slower because of the trade war with the U.S.
China's leader, Mr. Xi, is visiting some countries in Asia this week. He says China is strong and safe when the world is not sure. He is talking about free trade.
Xi visited Vietnam, Malaysia, and Cambodia. A U.S. official will visit Vietnam, Cambodia, and Japan this week.
China shows its trade with other countries at big fairs.
China sold things to other countries. This helped China's economy grow 5% in 2024. This year, China wants it to grow about 5%.
A government man said taxes will make China's economy a little slow now.
China's economy is strong. It can face problems and grow a lot. We are sure we can handle difficulties and reach our goals, Sheng said.
The economy grew a little from January to March. It grew 1.2%. Before, it grew faster.
China sold many things to other countries in March. This was more than before. Companies wanted to sell before new taxes started. This helped factories make more things.
Much of this happened early. Companies bought many things before taxes went up. They wanted to avoid paying more.
Factories made 6.5% more things than last year. They made 11% more machines.
New cars, like electric ones, grew by a lot. Robots and 3D printers grew fast too.
China's economy is growing, but it is slow. Many people do not have jobs. Families do not want to spend money.
Prices went down a little in the first three months of the year. People were not buying enough things. Money for houses also went down, even though the government tried to help people buy homes.
The problem with tariffs is bad for China. Businesses do not want to invest and hire people. People do not want to spend money.
People who study money are not sure what will happen because Mr. Trump changes his ideas about the trade war.
Many things happened in the last two weeks. It is hard to know what the U.S. and China will do with taxes on goods from other countries, said smart people.
Some big groups think the economy will grow about 4.6% this year.
Trump put taxes on things from China. The taxes were small at first, then bigger. Now, the taxes are very big.
A company thinks China will sell less to the US. It also thinks China's total sales will go down a little.
China worked hard to make people buy more things.
May 2nd, 2025
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