China’s economy hit growth target last year despite Trump trade war and property crisis

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China has said its economy grew 5% last year, hitting Beijing’s official target as the world’s second-largest economy overcame Donald Trump’s tariff war with a record trade surplus.

Data released on Monday by Beijing’s National Bureau of Statistics showed the Chinese economy hit the official target of “around” 5% – the same growth as in 2024 – despite a slowdown to 4.5% in the final three months of the year.