Mission Accomplished For 2024 As Strong Q4 Pushes China's Growth Back To Target
Source: SeekingAlpha
2025-01-17 02:30:00 ET
Summary
- China's 2024 GDP grew by 5.0%, completing the year's growth target of 'around 5%' as monthly activity improved.
- We continue to see stabilising property prices as one of the top priorities moving forward.
- China's efforts toward a green energy transition can also be seen in the breakdown of data on energy generation.
- As China prepares for the Lunar New Year, Trump's upcoming inauguration and the potential for tariffs looms large ahead.
By Lynn Song
Mission accomplished on China's 2024 growth target
China GDP strongly beat forecasts to end 2024 on a high note
China's fourth quarter 2024 GDP surged to 5.4% year-on-year, up from 4.6% YoY and marking the highest level of the year, and the fastest YoY growth of any quarter since 2Q23. This was also a much more impressive read, given 2Q23 benefitted heavily from a favourable base effect. The fourth quarter growth level was a significant beat, and moving the full year growth back to 5.0% will put to rest any potential debate on whether or not a lower growth level would have been sufficient to fulfil the "around 5%" growth target....
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Mission Accomplished For 2024 As Strong Q4 Pushes China's Growth Back To Target
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