China’s Economy Grows Despite Tariffs
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China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.
U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.
The research center said its survey also found a "marked departure" from the results of a 2023 survey, with more people seeing China as the world's leading economic power. A median of 41 percent saw China as the top economy, compared with a 39 percent median who named the United States.
In the first half of the year, the world's second-largest economy expanded by 5.3 percent, the NBS said Tuesday.
The Chinese economy cooled in the second quarter, but growth was in line with expectations despite pressure from U.S. tariffs.
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Asian stocks traded in a narrow range on Tuesday, as investors reacted cautiously to China's surprisingly strong economic growth figures and persistent worries about rising U.S. trade tariffs. Investo
Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
Nvidia co-founder Jensen Huang should be praised for traveling to China this week in pursuit of expansion in what is a crucial market for all manner of blue-chip U.S. companies. A world that is economically interconnected is a much more peaceful one.