China's Q4 2024 GDP Grows 5.4%

China's economy exhibited surprising resilience in Q4 2024, expanding by 5.4%, surpassing analysts' forecasts and aligning with the government's growth objectives. This growth was fueled by a rebound in industrial output and retail sales, which rose by 6.2% and 3.7%, respectively, thanks to government stimulus measures. However, challenges remain, including a struggling property sector and potential U.S. trade tariffs under President-elect Donald Trump, which could hinder future growth. Despite a record trade surplus, the yuan has weakened against the dollar, raising concerns about external pressures. Analysts suggest that while immediate indicators are positive, structural issues and external risks necessitate caution in China's economic outlook. Policymakers are expected to announce new growth targets and stimulus plans at the upcoming National People's Congress in March, which could further influence the economic landscape.