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Bloomberg Quint
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China’s Economy Likely Grew 5.2% In Months Before US Tariffs
- China's economy is expected to have grown 5.2% in the first quarter of 2025, before US tariffs threatened its growth target.
- Retail sales likely increased in March due to government subsidies, while industrial production and overall investment remained steady.
- The US tariff increases are predicted to impact China's exports and economy negatively this year.
- There are anticipations of China's central bank cutting interest rates or reserve requirements to stimulate the economy.
- Extra stimulus may be delayed until the second half of the year, potentially affecting business and consumer confidence.
- China's GDP likely expanded by 5.2% in the first quarter, a slightly slower but solid growth result.
- Retail sales are expected to have increased by 4.3% in March, showcasing signs of recovering consumer spending.
- China's industrial output remained steady at 5.9% in March, benefiting from early exports and strong factory activity.
- Fixed-asset investment continued to grow at 4.1% in the first quarter, driven by infrastructure project funding and excavator sales.
- Policymakers are urged to stimulate domestic demand as industrial sector outperforms consumption due to shrinking external demand.
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