China’s Gross Domestic Product (GDP) grew by 5.4% year-on-year in the first quarter, surpassing analysts' expectations of 5.1%, marking the strongest pace in one and a half years. However, the economic outlook remains uncertain due to mounting pressures from Trump’s tariffs.
“With the continued implementation and effectiveness of various macroeconomic policies, the national economy has made a steady start and had a good beginning to the year,” stated China’s National Bureau of Statistics (NBS). However, the agency also highlighted the challenges ahead: “The current external environment has become increasingly complex and challenging, while domestic effective demand lacks sufficient momentum. The foundation for the continued economic recovery and improvement still needs to be strengthened.”
