China's 2025 economic growth likely slowest in decades: analysts [Yahoo! Finance]
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Source: Yahoo! Finance
The world's second-largest economy struggled to shore up its property market while boosting domestic consumption as Chinese exports to the key US market were crimped by Donald Trump's tariffs. President Xi Jinping said last month that growth probably met an annual target of "around five percent" in 2025. Economists estimated a median figure of 4.9 percent, in what would be the weakest growth since 1990 when China was under Western sanctions after the deadly Tiananmen Square crackdown. The announcement will be "close enough for officials to declare victory" in meeting the roughly five-percent number, a "political comfort blanket" for Beijing, said Sarah Tan of Moody's Analytics. But the composition of Chinese growth was "deeply uneven" and official figures "mask the weak sentiment on the ground", she said. Analysts agreed the main problem was China's property sector, which has failed to overcome a persistent debt crisis despite rate cuts and loosened restrictions on homebuyi
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