China Hits 5% Growth Goal for 2024 After Stimulus Bump

The video discusses China's economic performance, highlighting better-than-expected GDP growth and retail sales, driven by stimulus and export gains. It examines the impact of U.S. tariffs and the need for further Chinese stimulus. The property market shows signs of stability despite ongoing challenges. The video also addresses deflationary pressures and the anticipated stimulus from the National People's Congress. Demographic issues, such as declining birth rates, pose future challenges for China's workforce.

What was the GDP growth rate in the fourth quarter, and how did it compare to the estimate?

• 5.4%, which was higher than the 5% estimate

• 5.4%, which was lower than the 5% estimate

• 5%, which matched the estimate

• 4.9%, which was lower than the estimate

What factor contributed to the better-than-expected export gains in December?

• Increased domestic demand

• Front loading of orders from the United States

• Reduction in export tariffs

• Improved manufacturing efficiency

How did the property market in China perform in terms of new home prices?

• New home prices increased by 0.8%

• New home prices remained stable

• New home prices decreased by 0.8%

• New home prices decreased by 1.5%

What is the expected focus of the National People's Congress regarding demographics?

• Addressing the decline in population

• Improving workforce productivity

• Reducing the aging population

• Increasing the birth rate

What is the significance of the birth rate in 2024 for China?

• It was the highest since 1949

• It was the second lowest since 1949

• It showed a significant increase from previous years

• It matched the birth rate of 2023