May 2nd, 2025
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China's economy grew 5.4% in the first three months of the year.
Some people think China's economy will not grow as fast. China and the U.S. put high taxes on things they buy from each other. China says people can still buy and sell things in its markets.
China's leader, Mr. Xi, is visiting some countries in Asia this week.
Xi visited Vietnam, Malaysia, and Cambodia. A person from the U.S. government will visit Vietnam, Cambodia, and Japan this week.
China shows its trade with other countries at fairs.
China's economy grew 5% last year.
Now, the taxes will make China's economy feel pressure. But China's economy will still get bigger in the future. Sheng Laiyun said this.
China's economy is strong. It can grow well. We are sure we can deal with problems and reach our goals, Sheng said.
The economy grew a little from January to March. It grew 1.2%. Before, at the end of 2024, it grew more, 1.6%.
China sold many things to other countries in March and the first three months of the year.
This happened fast because people bought things before prices went up.
Factories made more things. They made 6.5% more than last year. They made many machines, 11% more.
Making electric cars and other new things grew a lot. Making 3D printers grew a lot, and making robots grew a lot too.
China's economy is growing fast, but it's slow after COVID-19. Houses are hard to sell. Many people don't have jobs. Families don't want to spend money.
Prices went down a little bit.
Trade problems are a big problem for China. China wants companies to invest and hire more people. China also wants people to buy more things.
People who work with money are careful. They don't know what will happen because Trump changes his ideas about trade.
It is hard to know what the U.S. and China will do with taxes on goods after two weeks.
Two big groups think the economy will grow about 4.6% this year.
Trump made things from China cost more.
A company thinks China will sell less to the US.
China is trying to make people spend more money and help businesses. They are giving money for new cars and things for the home. They are also giving money for houses and other businesses that need help.
May 2nd, 2025
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