Last year, China’s economy maintained steady growth, with GDP reaching RMB134.9 trillion ($25 trillion), a 5% increase from 2023. High-quality development continued, with strong progress in advanced manufacturing, technological innovation, and the green transition. Investment in manufacturing grew by 9.2%, especially in high-end and tech-driven sectors.
China cannot ignore US President Donald Trump, but it can evade him. China is combating the Trump trade attack from a position of strength. China understands that the battle is not about outdated steel mills and the Rust Belt industries that Trump wants to revive.
The real challenge is found in the digital economy of the future. China is already winning that challenge and it is built on a sound economic base.
