As the Year of the Snake has begun in China, the nation's economy faces huge domestic and foreign challenges. Can introspection and resilience, which the Chinese associate with snakes, help weather a ...
China will prioritise economic growth and will be able to overcome domestic difficulties and external headwinds in 2025, President Xi Jinping said in his televised New Year’s message on Tuesday.
China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.
But that super-cycle, which started to wane ... with exports helping to compensate for slack domestic demand. China’s previous rounds of economic stimulus – including those in 2009, 2013 ...