China’s economy has shown resilience, defying US President Donald Trump’s tariffs as it posted strong first-quarter growth. According to official data, the country’s gross domestic product (GDP) grew by 6.1% in the first quarter of this year. This increase is a significant improvement over the previous quarter and marks a continuation of China’s economic recovery from a slowdown last year.
The growth can be attributed to various factors including government stimulus measures and a boost in exports. The Chinese government has implemented several policies aimed at boosting economic growth, including investments in infrastructure and strategic industries such as technology and renewable energy.
Despite US President Donald Trump’s efforts to pressure China with tariffs, the country remains committed to its economic development strategy. The resilience of China’s economy is seen as a significant challenge for the US trade policies aimed at forcing China to open up more market access to American companies.
China’s strong first-quarter growth is a reminder that the country has a robust and dynamic economy, capable of weathering external shocks and challenges.
Source: https://www.ft.com/content/04f4d2d2-bd1e-4b43-9217-c2158e4f5e1d