May 2nd, 2025
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China's economy grew by 5.4% in the first three months of the year.
Big taxes on trade between China and the U.S. will make China's economy slower.
China's leader, Xi Jinping, is visiting countries in Asia this week. He wants to talk about trade and say China is a safe place now.
Xi went to Vietnam, Malaysia, and Cambodia. The U.S. said Sean O'Neill will go to Hanoi and Ho Chi Minh City in Vietnam. He will also go to Siem Reap in Cambodia and Tokyo.
China wants to trade more with other countries, not only the US. China shows this at trade fairs.
China's economy grew about 5% last year. This year, they want it to grow about 5%.
Soon, the taxes will make China's economy feel pressure, but it will still grow. China sends fewer things to the US now.
China's economy is good and can get bigger. We can handle problems from other countries and do what we want to do, Sheng said.
The economy was bigger from January to March. It grew 1.2%. This was slower than the end of last year.
China sold many products to other countries. This helped their factories make more things.
People bought many things fast. They did this because the U.S. was going to put more taxes on goods.
Making things in factories went up 6.5% from last year. This was because making machines went up a lot.
They made many new cars that use batteries. The number of these cars went up a lot, more than 45%. They also made more 3D printers and robots. The number of 3D printers went up by about 45%, and robots went up by 26%.
China's economy grew fast, but it's slow now after COVID. Houses cost less, so people lost jobs. Families don't want to spend money.
Prices went down a little at first. Maybe people did not buy many things. Buying houses was also slow. It went down almost 10% from last year. The government tried to help people buy homes, but it did not help much.
Big taxes are a problem. China wants companies to spend money and hire people. China also wants people to buy things.
Economists are not sure what will happen because Trump changes his ideas about the trade war.
It is hard to know what will happen with the taxes between the US and China after the last two weeks, said Tao Wang and other people from UBS.
Some big groups that deal with money think the economy will grow about 4.6% this year.
First, Trump put a small tax on things from China. Then, he made the tax bigger. Now, the tax on many things from China is very big.
A bank thinks China will sell much less to the US. Maybe 66% less. China will also sell 10% less to other countries. The bank thinks China's economy will grow slower this year, 3.4%. And even slower in 2026, 3%.
China wants people to spend more money and help businesses.
May 2nd, 2025
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