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China’s annual GDP growth meets market and government estimates at 5% as stimulus measures kick in
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target. Fourth-quarter GDP beats expectations with 5.4% growth, according to China’s National Bureau of Statistics. Reuters-polled economists had estimated a 5.0% growth in the final quarter. That was faster growth compared with the 4.6% in the third quarter, 4.7% in the second quarter, 5.3% in the first quarter. The full-year economic expansion was lower compared with a 5.4% growth in 2023 post the pandemic. As part of an annual ... (full story)
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- Posted: Jan 16, 2025 9:21pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,793
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