Chine Croissance Du Pib

The Chinese GDP grew by a seasonally adjusted 1.2% in Q1 of 2025, slowing from a 1.6% rise in Q4 and falling short of the market consensus of 1.4%. It marked the softest quarterly expansion since Q2 of 2024 while representing the 11th consecutive quarter of advance. Since February, U.S. President Donald Trump has sharply raised tariffs on Chinese goods to 145%, prompting Beijing to retaliate with duties on American imports. China's policymakers have emphasized that the nation has ample tools to support its economic output, with Premier Li Qiang recently pledging further stimulus. Boosting consumption remains a top priority this year as the government seeks to offset the impact of surging U.S. duties. The Politburo is expected to meet later in April to outline upcoming policy plans. In March, China announced increased fiscal spending, including a higher budget deficit, and officials have signaled more fiscal and monetary support ahead, following a wave of easing measures late last year.