China's economy grew 5% in 2024, successfully meeting its ambitious growth target due to strong exports and aggressive governmental stimulus measures.
Despite achieving a 5% growth rate, China's economic recovery faces ongoing challenges such as significant youth unemployment, a persistent property crisis, and deflation.
The fourth quarter saw a 5.4% growth from the previous year, indicating a stronger-than-expected recovery trend compared to analysts' 5% growth predictions.
While exports have bolstered growth, consumer confidence remains low, prompting concerns over potential threats from escalating trade tensions with the United States.
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