China hits 2025 GDP target – but quarterly growth drops to 3-year low

China has confirmed that it achieved its annual growth target last year as the economy weathered an unprecedented trade war with the United States, but growth slowed to a three-year low in the final quarter, dragged down by a series of domestic headwinds. Analysts expressed concern about China’s “lopsided” growth – with robust exports contrasting with soft internal demand – but pointed to the services sector as a “bright spot” as Beijing looks to shore up the economy heading into a new five-year...