China: factory output resists tariffs, but growth may slow

AWANI

China’s factory output slowed in April but showed resilience. National Bureau of Statistics (NBS) spokesperson says foreign trade withstood difficulties, maintaining steady growth and global competitiveness.

Transcript

00:00Over in China, factory output slowed in April but showed unexpected resilience,

00:06the National Bureau of Statistics reported on Monday.

00:08NBS spokesperson Fu Linghui highlights that China's foreign trade withstood difficulties,

00:15maintaining steady growth and showcasing international competitiveness.

00:20Industrial output grew 6.1% year-on-year in April, down from 7.7% in March,

00:27but beating a Reuters poll forecast of 5.5%,

00:31while retail sales rose 5.1% below March's 5.9% and short of the expected 5.5%.

00:40Despite headwinds, China's economy expanded 5.4% in Q1, surpassing expectations.

00:47China's authorities remain confident in hitting a 5% growth target for 2025,

00:53even as economies warn of tariff-driven risk.

00:56This also suggests that government support measures may have helped cushion the impacts

01:01of the U.S.-China trade war that threatens to derail momentum in the world's second-largest economy.

01:08Last month, Beijing and Washington escalated tariffs to over 100% in several rounds of retaliatory moves.

01:15But they recently agreed to lower tariffs, offering a 90-day truce,

01:19but U.S. President Donald Trump's unpredictable stance continues to loom over China's export-driven economy,

01:25which still faces 30% tariffs.

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