China’s Economic Outlook Remains Uncertain
While US tariffs pose risks to the US economy, China faces similar challenges. 10% US tariffs on Chinese goods took effect on February 4. While less punitive than Trump’s threat of 65% tariffs, these levies may impact the Chinese economy.
S&P Global recently forecast that China’s GDP growth may slow to 4.1% in 2025 if the US imposed 10% tariffs on Chinese goods. The US rating agency added that higher tariffs would likely lead to an even sharper slowdown.
Despite trade concerns, Beijing may feel temporarily relieved after recent consumption trends, potentially supporting an official 5% growth target for 2025.
Natixis Asia Pacific Chief Economist Alicia Garcia noted:
“On a more positive note, the Chinese…
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