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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

China’s economy hits 5% growth target but rate among slowest in decades

China Economy Donald Trump United States
The Lujiazui financial district, Shanghai, China
The Lujiazui financial district, Shanghai, China. Photograph: Alex Plavevski/EPA

China’s economy grew by 5% in 2024, in line with government targets but at the slowest rate since 1990 outside the Covid pandemic, according to official data.

Growth accelerated through the year, with an expansion of 5.4% in the final quarter, up from 4.6% in the third quarter, according to Beijing’s National Bureau of Statistics.

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