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16 Apr 2025

International Economy

China’s 1Q25 economy grew more than expected at 5.4%; US import tariffs may pressure China’s economy during the rest of this year (Business Brief No.4146 Full Ed.)

คะแนนเฉลี่ย
  • China’s 1Q25 economic performance was supported by strong export growth, favorable growth in domestic spending, and accelerated industrial output in line with export trends.
  • For the rest of 2025, the Chinese economy will continue to face high uncertainty due to four key factors: 1) Potential slowdown in exports as a result of US import tariffs; 2) Uncertainty surrounding trade negotiations between the US and other nations; 3) Heightened deflation risks; and 4) China’s real estate sector that may continue to pressure domestic confidence.
  • Given this, China’s 2025 economic growth is expected to slow to 3.6 percent YoY. 

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International Economy