In the first quarter in China, Tops is rated by 5.4%because growth impulse continues against the background of tariff trouble

In the first quarter, China’s economy has expanded by 5.4%, which is expected to support strong dynamics, even if the US tariff threats push large investment banks to reduce the country’s annual growth forecast.

In the first quarter of GDP, he led the Reuters survey on 5.1% a year, based on the recovery that began at the end of 2024, thanks to extensive stimulating stimulation.

Retail sales in March increased by 5.9% per year, a year, According to the National Bureau of Statistics On Wednesday, sharply beating analysts for 4.2%growth. Industrial production increased by 7.7% compared to a year, compared to the average estimates of 5.8%.

In the first quarter, investment in fixed assets increased by 4.2% compared to 4.1% estimates in the Reuters survey. However, real estate craving deteriorated as part of investment in fixed assets, falling by 9.9% a year as the infrastructure and production investments gained pace.

The Statistics Bureau described the Chinese economy as “a good and sustainable start” and emphasized as “Innovation) played an increasing leading role.” The Chinese Deapeek startup in January showed its AI breakthrough, which fights technology with the US Openai.

But the Statistics Bureau warned that “the external environment is becoming more complex and difficult” and that domestic demand remains insufficient.

In March after A, after a A two -year maximum of 5.4% In February.

The Chinese leadership set an ambitious annual annual growth goal this year, and the goal is to achieve, given the prospects of escalation of the trade war and PersistIn general, insufficient internal consumption.

“We need to implement a more active and effective macro policy, expand and strengthen the internal economy … and actively respond to the uncertainty of the external environment,” the Bureau said in an English-language issue.

The US tariff war from the US has brought a general fee imposed by US President Donald Trump up to 145%, drawing revenge from Beijing to raise US goods up to 125%. Such levels of import duties are expected to knock out China’s exports and bring down several percentage points from expanding the economy this year.

“Growth is likely to deteriorate quickly from the other quarter, given the low possibility of long-term bilateral talks to create an office for 125% of the tariff hike,” the team of economists in Morgan Stanley said earlier this week.

There are several investment banks reduce China’s growth forecasts This year, when most economists who doubted Beijing reached their official goal.

On Tuesday, UBS Group added to a number of growth decreases with the most pessimistic outlook among major banks that predict China’s economy to expand only 3.4% this year when US tariffs are strangled. Investment Bank project China’s exports to the US to fall by two -thirds in the nearby quarters, with total exports this year decreased by 10% in dollars.

Pressure from Chinese officials has released stronger stimulation measures to support domestic consumption and housing market while reducing the economy’s dependence on export and investment.

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