Analysts say growth hinges on interplay between U.S. tariffs, Beijing's stimulus
Chinese President Xi Jinping all but declared that China hit its growth target of "around 5%" in 2024, as he strives to make the country a high-end manufacturing powerhouse. But there are dark clouds on the horizon. (Nikkei montage/Source photos by Reuters and Getty Images)
HONG KONG -- The world's second-largest economy is in for another tumultuous year.
Throughout 2024, China was reeling from a prolonged property downturn, a local government funding crisis and a sluggish labor market that weakened already fragile confidence among consumers and businesses.
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