May 2nd, 2025
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China's economy grew 5.4% in the first three months of the year.
China and the US have problems with trade. This might make China's economy slower.
China's leader Xi Jinping visits countries in Asia this week. He talks about free trade. He says China is a place of "stability and certainty" when things are not sure.
Xi went to Vietnam, Malaysia, and Cambodia. The U.S. said Sean O'Neill will go to Hanoi, Ho Chi Minh City, Siem Reap, and Tokyo this week.
China wants to trade more with other countries, not just the US. They show this at trade fairs.
China's economy grew by 5% in 2024. This was because China sold many things to other countries. This year, China wants it to grow by about 5%.
The taxes will make China's economy a little difficult now, but it will still grow later. China sells less things to the US now than before.
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 a little from January to March. It grew 1.2%. This is slower than the end of last year.
China sold more things to other countries. Sales were 12% higher in March than last year. Sales were 6% higher in the first three months. Companies sent goods fast because of new taxes from America. This helped factories make many things.
A lot happened at the start of this.
Making things grew by 6.5% compared to last year. This was because they made more machines.
Things like electric cars and robots grew a lot. Electric cars grew 45% more than last year. Robots grew 26% more than last year.
China's economy grew fast, but after COVID, it is slower. People are not spending much money.
Prices went down a little at the start of the year. This shows that people are not buying as much as shops have. People also did not buy many houses. They did not get much money from the bank to buy houses, even if the government tried to help them.
Problems with taxes are a big problem now. China wants companies to invest and hire more people. China also wants people to spend more money.
Business and government experts are not sure what will happen. Trump changes his ideas about trade problems often.
It is hard to know what will happen with the taxes between the U.S. and China.
Big banks think the economy will grow a little this year.
Trump put taxes on things from China. First 10%, then 20%. Now, the taxes are very high, 145%.
A bank says China sells less to the US. Sales could drop by two-thirds. China's total sales could drop by 10%. The bank thinks China's economy will grow slower. It thinks it will grow 3.4% this year and 3% in 2026.
China wants people to buy more things and companies to put more money into businesses.
May 2nd, 2025
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