China Records Slowest Economic Growth Since 1990

China's economy recorded a growth rate of 5% last year, marking one of its slowest rates in decades, as it faces challenges including a property market debt crisis and sluggish consumer spending. This figure, down from 5.2% in 2023, is the lowest since 1990, excluding the pandemic years. Analysts predict further decline, estimating growth could fall to 4.4% in 2025 and below 4% the following year. The country's leadership has implemented aggressive support measures, such as interest rate cuts and debt relief for local governments, to stimulate the economy amidst external pressures and an anticipated trade standoff with incoming US President Donald Trump. Despite these challenges, China's exports reached a historic high last year, although reliance on this sector is becoming increasingly uncertain. The economic outlook remains precarious as officials continue to navigate a complex domestic and international landscape.