HONG KONG -- Economists focused on China raised their annual growth forecast for the country due to stronger first-quarter exports driven by accelerated orders, but the projection remains below the government target and could be severely affected by U.S. President Donald Trump's heavier-than-expected tariffs.
A survey of 29 local economists conducted by Nikkei and Nikkei Quick News in March revealed an estimate of 5.0% year-on-year growth for the January March period. This would be down from 5.4% in the previous quarter but above market expectations, after Trump imposed 20% additional tariffs on Chinese goods in the first quarter.
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