4 days Ago By France 24
China on Wednesday said that in a rush to export its goods amid incoming US tariffs, its economy had beaten its anticipated first-quarter growth rate, expanding 5.4 percent, and assured that a looming trade war would not hinder its most ambitious economic targets. China on Wednesday said its economy grew a forecast-beating 5.
4 percent in the first quarter as exporters rushed to get goods out of factory gates ahead of swinging new US tariffs . Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since US President Donald Trump launched a global tariff assault that has particularly targeted Chinese imports. Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent , and Beijing setting a retaliatory 125 percent toll on US imports.
Official data Wednesday offered a first glimpse into how those trade war fears are affecting the Asian giant's fragile recovery, which was already feeling the pressure of persistently low consumption and a property market debt crisis. Read more China calls on the US to 'correct its mistakes' by cancelling reciprocal tariffs Read more on FRANCE 24 English Read also: China and Vietnam sign flurry of cooperation deals amid US tarriff tensions Trump vows tariffs for all, signals China exemptions will be short-lived.
