In the first quarter of 2024, China's economy showed unexpected resilience, with a 1.2 percent GDP growth reported by the National Bureau of Statistics. This growth was largely driven by heightened exports and manufacturing investment as companies rushed to ship goods before impending tariffs imposed by President Trump. The export surge reflects both strong foreign demand and significant support from government subsidies, particularly in the electric vehicle sector. However, with escalating tariffs potentially blocking trade access to the U.S., China's long-term growth outlook remains uncertain and precarious.
President Trump's tariffs spurred Chinaâs economic growth in early 2024, with GDP rising 1.2% amid fears of potential long-term trade disruptions.
Initially, Trump's tariffs had little impact, but they later caused a surge in exports as Chinese exporters rushed to ship before tariffs increased.
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