China's Economic Growth Faces Uncertainty and Rivalry with the US
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#c17a466a ver:0.24

China's economy grew by 5.3% in Q1 2024, outpacing the US. However, challenges like domestic demand slowdown and protectionist policies persist. The services sector contributed significantly to growth, but large companies recovered faster than small ones. China aims to promote equipment renewals and renewable energy. Industrial profits rose 4.3% YoY in Q1, but concerns over weak domestic demand emerged. Taiwan's trade-dependent economy expanded by 5.6% in Q1, driven by AI technology exports. China's economic outlook is positive, but uncertainties remain. The gap between China and the US is widening, raising doubts about China's ability to catch up. COVID containment, property sector issues, and US rivalry add to the uncertainty....

#newstr #China #EconomicGrowth #Gdp #Us #CovidContainment #PropertySector #EconomicRivalry 

 https://here.news/story/c17a466a?ver=0.24