In the first quarter, China’s economy grows by 5.4%

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In the first quarter of this year, China’s economy increased by 5.4 percent, when the manufacturers focused exports to win higher tariffs imposed by US President Donald Trump, official data showed.

GDP figures are the first in China since Trump has unleashed it trading warWhich threatens to keep the full solution between the two largest economies of the world at a time when Chinese households are already fighting for recovering after deep slowing down property.

Growth corresponded to China’s growth rate in the fourth quarter and exceeded the full growth of Beijing The purpose of 2025 and 5.1 percent of the analytics forecast in the Reuters survey.

This year, Beijing set a goal for 5 percent growth and supported it with promises to increase stimulation measures by establishing a target budget deficit for the Central Government.

But the private sector economists reduce their economic growth forecasts as a result of Trump’s trade war, and Morgan Stanley reduced the GDP growth rate from 4.5 percent to 4.2 percent this year.

US president imposed additional tariffs totaling 145 percent on Chinese goods, though he gave what he said Temporary release For some goods such as smartphones and electronics.

UBS estimated that just under 60 percent of US imports from China were a maximum of 145 percent tariff, while the rest faced a 20-45 percent tariff as of last week.

In China there is replied retaliation by tariffs With 125 percent, setting the soil for a rigid interchange between the two largest economies in the world.