China plans proactive economic measures for 2025 as trade tensions rise

China's leadership plans to implement more proactive economic measures in 2025, following over $2 trillion in stimulus announced this year. Despite these efforts, the economy is struggling to meet growth targets, with a 4.8% increase in the first three quarters of 2024. Recent stimulus efforts include injecting liquidity into banks and supporting local governments facing debt crises. However, analysts argue these measures primarily restructure existing debts rather than stimulate new growth, with concerns about local government debt remaining high. As trade tensions with the U.S. escalate, especially with potential new tariffs from Donald Trump, experts suggest that China's economic recovery may be further challenged. Upcoming meetings will focus on setting key economic targets and policies for the next year.