China, Trump and GDP growth
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Across 25 countries, people increasingly view China as the world's top economy but generally prioritize economic ties with the U.S.
China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.
The Development Strategy offered a blueprint for Xiamen's economic and social development over the years and helped transform the once modest port city into a modern economic powerhouse and a global harbor with trade ties with 239 countries and regions in five continents in 2024.
China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.
The research center said its survey also found a "marked departure" from the results of a 2023 survey, with more people seeing China as the world's leading economic power. A median of 41 percent saw China as the top economy, compared with a 39 percent median who named the United States.
Rising costs, stagnant incomes and growing distrust drive people to opt out of medical coverage, analysts say.
Natural disasters across China in the first half of 2025 brought direct economic losses of 54.11 billion yuan ($7.55 billion) and affected more than 23 million people, an official from the emergency response ministry said on Tuesday.
Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more than 5% in the second quarter.