China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.

According to preliminary estimates, the gross domestic product of China was 134 trillion yuan in 2024, approximately 18 trillion U.S. dollars, which is an increase of 5 percent over the previous year,

Chinese products will soon face a 10% tariff coming into the United States in a move that could ramp up conflict between the world’s two largest economies.