China plans strategies against Trump's tariff impacts

channelnewsasia.com

China's leaders will meet next week to discuss strategies to protect the economy from U.S. tariffs imposed by President Trump. The National People's Congress will open on March 5, where Premier Li Qiang is expected to announce economic growth goals for 2025. Analysts predict China will aim for around 5% growth, the same as in 2024, despite challenges like a struggling property market and weak consumer spending. The U.S. has recently increased tariffs on Chinese imports, adding pressure on China's economy. The ongoing property crisis is a major concern, with home prices in major cities declining. Policymakers may expand consumer programs to boost spending, but deeper issues remain, complicating recovery efforts.


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