Thanks to the stimulus measures that buoyed economic activity in the fourth quarter, China says it met its 5% GDP growth target for 2024.

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.

China’s economy expanded 5% in 2024, meeting the official target of “around 5%” growth after stimulus measures introduced late last year appear to be working.

China's economy matched the government's ambitions for 5% growth last year, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.

China’s economy grew at its fastest clip in more than a year in the fourth quarter of 2024, buoyed by strong exports and a flurry of stimulus measures aimed at reversing a months-long downward slide.

Exports have surged as companies and consumers rush to beat potential tariff hikes President-elect Donald Trump may impose on Chinese goods. “The national economy was generally stable with steady progress and new achievements were made in high-quality development,

China's economy likely rebounded in the fourth quarter as several rounds of policy stimulus kicked in, enabling the government to largely meet its 2024 growth target, though the risk of new U.S. tariffs could hold back a broader recovery.

China’s economy hit the government’s growth goal last year after an 11th hour stimulus blitz and export boom turbocharged activity, although looming US tariffs threaten to take away a key driver of expansion.