China's Economy Grows 5% in 2024 Amid Challenges

China's economy grew by 5% in 2024, meeting targets despite external pressures and internal challenges like youth unemployment and a property sector downturn.

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The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.

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Summary

A summary of the key points of this story, verified by multiple sources.

In 2024, China's economy expanded by 5%, achieving its growth target amid an array of challenges including a property crisis and high youth unemployment. The fourth quarter saw notable growth of 5.4%, driven by strong exports and stimulus measures. However, weak consumer spending and ongoing deflationary pressures continue to pose risks for future growth. Demographic issues, including a declining population and rising living costs, further complicate recovery efforts. Analysts are cautious, forecasting a gradual slowdown in growth as the country navigates external pressures and its transition towards a high-tech economy.

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Highlights (5)

Excerpts from the underlying articles that best reflect each outlet's unique perspective on this story.

Despite matching government targets, the sluggish growth rate of China's economy raises questions about the long-term viability and resilience of its recovery in light of external economic pressures.
Stock market today: Asian shares slip as China says economy hit 5% growth target in '24
Associated Press
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
Despite a modest recovery, China’s economy still grapples with significant challenges, as the government’s ambitious stimulus measures may only provide limited relief amidst lingering consumer hesitance and a fragile real estate sector.
China's annual GDP growth meets market and government estimates at 5% as stimulus measures kick in
NBC News
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
China's economic growth has managed to meet expectations, thanks in part to timely stimulus measures, but concerns about the overall softness remain.
Asia-Pacific markets mixed after China's fourth-quarter GDP beats estimates
CNBC
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
Despite achieving its GDP growth target of 5%, China faces significant underlying challenges including deflation and weak consumer confidence that may hinder a truly robust recovery.
China reports 5% GDP growth for 2024, meeting its target
Business Insider
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
Despite efforts to stabilize the economy, China's growth remains hindered by a property crisis, weak consumer spending, and the looming threat of tariffs, leading to cautious optimism about future prospects.
China: Donald Trump's tariffs are not China's only problem
BBC News
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center