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China’s GDP growth hits 5% target for 2024

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew 5 per cent last year on the back of surging manufacturing, official data showed, as companies front-loaded exports in anticipation of higher US tariffs and as Beijing stepped up stimulus efforts. The…

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GDP rose 5% in 2024

China’s 2024 GDP result was a “Pyrrhic victory” that should not distract Beijing from efforts to rebalance its economy towards more sustainable growth, said Eswar Prasad, professor at Cornell University and senior fellow at the Brookings Institution. The result also underlines doubts about China’s official data, which analysts increasingly worry is not reflecting underlying weakness…

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