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binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.
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In the fourth quarter, the country’s gross domestic product (GDP) expanded by 5.4%. That’s considerably stronger than the 5.0% forecast by a group of economists polled by Reuters and represents an acceleration from the 4.6% pace posted in the third quarter.
binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. As for the full year, growth came in at 5.0%, a shade higher than the 4.9% predicted by the Reuters poll. Goldman Sachs analysts said the quarterly growth data and last month’s industrial production numbers beat expectations “meaningfully,” but weaknesses remain.
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Economic momentum did pick up in the last few months of 2024, after the Chinese leadership finally decided to go ahead with a much-needed stimulus package, mostly focused on monetary measures, in the last week of September.
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binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. Many experts believe much more needs to be done to light a fire under the country’s vast population of consumers, who have been sitting on the sidelines after suffering a massive loss of wealth from the continuing housing slump, which amounted to an estimated $18 trillion, according to investment bank Barclays.
In fact, some believe the imminent return of Trump and his possible sky-high tariffs may be just what is needed to jolt the Chinese leadership into taking more action.
Beijing has shown that “they will do whatever it takes to offset the impact of tariffs,” Larry Hu, chief China economist at Macquarie Group, said in a Wednesday research note. “Strong tariffs result in strong stimulus and thus better domestic demand.”
China is contending with a slew of pressures, including a severe property crisis, which has eroded consumer wealth and hurt household spending, and a demographic challenge, expected to have significant implications on future growth.
Last year, the country recorded 6.77 births per 1,000 people, up from 6.39 a year earlier, according to the NBS. Some 9.54 million babies were born, an increase of more than half a million from 2023.
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binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. The small rebound comes after the government has rolled out a raft of measures to nudge young people to have more children, from extending maternity leaves and offering financial incentives to improving childcare services. 2024 was also the Year of the Dragon on the Chinese lunar calendar, an especially auspicious year for having babies.
But the overall population has fell by 1.39 million to 1.408 billion in 2024, continuing a decline since 2022 that saw China replaced by India as the world’s most populous nation.
China’s working population, classified as those between the ages of 16 and 59, also declined by 6.83 million last year, adding to an ongoing contraction. The population of those over 60, meanwhile, continued to expand to account for 22% of the total population.
binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. The rapidly aging population and shrinking workforce pose a severe challenge to China’s economic and social stability, as it grapples with funding health care and pensions for elderly citizens while aiming to maintain growth.
In 2015, China announced an end to its decades-long one-child policy, allowing couples to have two children, then increased that to three children in 2021. But birth rates have continued to drop after a brief uptick.
binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. The government has also vowed to promote a “new-era marriage and childbearing culture” by encouraging young people to get married and give birth at an “appropriate age” and share responsibility for childcare.
binani industries limited (binaniind) stock rallies ✌️【Interview】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. So far, these policies have largely failed to convince young adults, who are grappling with high unemployment, rising living costs and a lack of social welfare support amid the economic slowdown. Many are postponing marriage and childbirth, and a growing number of young people even choose to eschew them entirely.
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