May 2nd, 2025
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China's economy grew 5.4% in the first three months of the year.
Experts think China's economy will slow down because of trade problems. China and the US put taxes on each other's goods.
China's leader, Xi Jinping, is visiting other countries in Asia this week. He wants to talk about free trade. He says China is strong and sure when things are not easy.
Mr. Xi went to Vietnam, Malaysia, and Cambodia. The US said a man from their government, Sean O'Neill, will go to Vietnam (Hanoi and Ho Chi Minh City), Cambodia (Siem Reap), and Tokyo this week.
China wants to trade with many countries, not just the US. They show this at big fairs.
China's economy grew 5% in 2024. Exports helped. This year, the goal is about 5%.
The taxes will hurt China's economy a little now. But they will not stop growth for a long time. China sells fewer things to the US now.
China's economy is good and can get bigger. We can deal with problems and do what we want, Sheng said.
The economy grew slower.
China sold more things to other countries. They sold 12% more in March than last year. In the first three months, they sold 6% more. Companies did this because they thought there would be new taxes. This helped factories make many things.
Stephen Innes said people bought many things early because they thought prices would go up.
Making things in factories went up a lot last year. It went up 6.5%. This happened because we made many more machines.
Making electric cars grew a lot, up 45%. Making 3D printers grew almost 45%, and making robots grew 26%.
China's economy is not growing fast after COVID-19. Many people lost their jobs. Families do not want to spend money.
Prices went down a little at the start of the year. People did not buy as much as companies made. People also did not buy many houses, even though the government tried to help them buy houses.
The problem with taxes is bad for China. China wants companies to invest and hire more people. China also wants people to buy more things.
Economists are careful because Trump changes his ideas about his trade war.
It is hard to know how the taxes between the U.S. and China will change.
Some big money groups think the economy will grow about 4.6% this year.
Trump put more taxes on things from China. Now, the taxes are very high.
A bank says China will sell less to the US. China will also sell less to other countries. The bank thinks China's economy will grow slower this year and in 2026.
China is working hard to make people spend more money. They are giving money to help people buy new cars and things for their homes. They are also helping people buy houses and other things they need.
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