China’s GDP expanded 5.4% last quarter from a year before, thanks in part to Beijing’s consumer subsidies (Image source: Bloomberg)
China will take measures to achieve its annual economic growth target of around 5% despite escalating trade tensions and uncertainties, the country’s finance minister said in Washington earlier this week. “China will adopt more proactive and effective macro policies to achieve the expected annual growth target and continue to bring stability and impetus to the global economy,” said Finance Minister Lan Fo’an in a statement posted on ...