Official statistical data reveals that the Asian economic giant continues to maintain stable development rates despite the complex international trade environment. The National Statistical Bureau of China emphasized the country's ability to withstand external economic pressures.
The manufacturing sector recorded a remarkable growth of 6.4%, driven by increasing demand for high-tech products such as 3D printers, electric vehicles, and industrial robots. Services, including transportation, finance, and technology, also contributed to economic dynamics.
Despite positive trends, retail trade showed signs of slowdown, with growth declining to 4.8% compared to the previous year. The real estate market continues to face serious challenges, with the fastest decline in housing prices in eight months.
Economic analysts like Professor Gu Qinyan from the National University of Singapore define the Chinese economy as extremely resilient. The expert predicts that the government may undertake additional stimulating measures during the second half of the year.
Trade tensions between the US and China remain a key factor. Both countries imposed mutual tariffs - the US with 145% on Chinese goods, and China with 125% on American products. Currently, a temporary truce is in effect, with negotiations continuing.
Some economists express caution about achieving the annual growth target of around 5%. Analyst Dan Wang from the Eurasia consulting group believes that China will protect a minimum threshold of 4% growth, which is considered politically acceptable.
International observers emphasize the importance of upcoming negotiations between the two economic powers. By August 12, they must reach a long-term trade agreement that could significantly impact global economic dynamics.
Despite challenges, the Chinese economy demonstrates remarkable adaptability. Government interventions, production diversification, and focus on high-tech sectors emerge as key factors for economic resilience.