China's fourth-quarter GDP grows at 5.4%, beating market expectations as stimulus measures kick in

China’s economy expanded by 5% year on year in 2024, with a 5.4% growth in the final quarter beating expectations. The full-year GDP growth was lower compared to 2023, prompting calls for more proactive macro policies. Despite stimulus measures, challenges such as a real estate decline and weak consumer spending remain, with analysts expecting further impact in the coming year.

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