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Yichun, China-06: Mechanical Weapons are working on the production line of electronic products for new energy vehicles in an intellectual workshop at a factory in a high-tech industrial park on February 6, 2025 in Fengchen, Jianx China.
Zhu Hapeng | Visual China Group | Gets the image
Industrial income in China has fallen 0.3% compared to a year ago in the first two months of 2025, Official data showed on ThursdayBecause the economy is facing the strengthening of world trade tensions.
Profit in industrial firms three years in a row declinedStrengthening calls for politicians to intensify the support of the economy.
US President Donald Trump introduced 20% of additional tariffs for Chinese goods for two months. It announced on Wednesday night in the state Automobile tariffs on 25% On cars “not done in the US” starting on April 2.
This year Beijing set an ambitious goal of “about 5%”.
Chinese politicians pursued several rounds of stimulating measures in the second half of last year, including expanding the consumer trade program to increase demand, which helped the country to achieve an official growth goal of 5%.
Exports, which contributed almost 20% to China’s GDP last year, last year, Lost some impetus Earlier this year, when the front -line loaders are uploading new tariffs under Trump’s second presidency, signs of narrowing showed.
Consumer Price Index in February hit the negative territory For the first time since the beginning of last year, when the households remained cautious against the background of a long decline.
Last month, unemployment rate across the country was the highest in two years, last month, while working in urban unemployment for 16 to 24 years of age, except for students, grew up to a four -month high of 16.9%.
Meanwhile, some banks on Wall -Story this year have turned into a country’s forecast, citing green shoots in the economy.
Over the last month economists in HSBC, Anz and Citi have increased forecasts during China’s GDP growth this year up to 4.8% 4.8% and 4.7%respectively from previous forecasts of 4.5%, 4.3%and 4.2%.
This year, Morgan Stanley also increased the forecast to 4.5% from 4.0% earlier on reliable activity at the beginning of the year.
Retail sales, consumption sensor, In January-February, the period grew by 4% Since year, the faster pace than in December, while investments with fixed assets and industrial production grew more than expected.
