China, Trump and Economy
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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.
U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.
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.
In the first half of the year, the world's second-largest economy expanded by 5.3 percent, the NBS said Tuesday.
Asian stocks traded in a narrow range on Tuesday, as investors reacted cautiously to China's surprisingly strong economic growth figures and persistent worries about rising U.S. trade tariffs. Investo
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Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
Nvidia co-founder Jensen Huang should be praised for traveling to China this week in pursuit of expansion in what is a crucial market for all manner of blue-chip U.S. companies. A world that is economically interconnected is a much more peaceful one.
Photo: VCG Several major financial institutions have recently issued more positive projections for China's economy, both for the second half and the full year, citing its resilience so far in 2025, bolstered by pro-growth policies and easing trade tensions with the US following the Geneva talks.