May 2nd, 2025
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China's economy grew 5.4% from January to March.
Big taxes on goods from China and the US will make their economies slower.
China's leader, Xi Jinping, visits countries in Asia this week. He talks about free trade. He says China is strong and sure when times are not sure.
Xi went to Vietnam, Malaysia, and Cambodia. A man from the U.S. government, Sean O'Neill, will go to Vietnam's cities, Hanoi and Ho Chi Minh City, this week. He will also visit Siem Reap in Cambodia and Tokyo.
China wants to trade more with other countries, not just the USA.
China's economy grew by 5% in 2024. Exports helped this. This year, the goal is about 5% growth.
Someone from China said the taxes will hurt China's economy a little now, but not for a long time. He also said China sells less to the US now than before.
"China's economy is strong and can grow. We can handle problems from outside and reach our goals," Sheng said.
The economy grew 1.2% from January to March. Before that, it grew 1.6% from October to December 2024.
China sold many products to other countries. This helped factories make a lot of things.
Many things happened fast at the start. People bought things early because they thought prices would go up in the U.S. They wanted to have things before the prices changed.
Factories made more things than before. They made many more machines. This was 6.5% more than last year. Making machines went up almost 11%.
New cars that use electricity grew a lot (45.4%). Machines that make things (3D printers and robots) also grew a lot (almost 45% and 26%).
China's economy is growing fast, but it has problems after COVID-19. Many people don't have jobs because house prices went down. Families are careful with money.
Prices went down a little in the first three months. This means people are not buying enough things from shops. People are also not buying many houses. The government tried to help people buy houses, but it did not work well.
Trade problems are a big problem for China. China wants companies to invest and hire more people. China also wants people to spend more money.
People who study money are careful. They don't know what will happen. Trump changes his mind about the trade war.
It is hard to know what will happen with the taxes between the U.S. and China.
Some big groups think the economy will grow by 4.6% this year.
First, Trump put a small extra cost on things from China. Then, he put a bigger extra cost. Now, China pays a very big extra cost on many things it sells to the US.
UBS says China may sell less to the US. China may also sell less to other countries. UBS thinks China's economy will not grow as fast. They changed their idea for this year and the future.
China wants people to spend more money and companies to invest more.
May 2nd, 2025
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