China’s economy grew at a 5.4% annual pace in the first quarter of the year, fueled by strong exports ahead of increased tariffs imposed by U.S. President Donald Trump. With the trade war escalating, analysts predict a significant slowdown in the coming months as tariffs on both Chinese and American products take effect.
Chinese leader Xi Jinping has been visiting other Asian countries to promote free trade and position China as a stable partner amid global uncertainty. Meanwhile, the U.S. announced a senior State Department official’s visit to Vietnam, Cambodia, and Japan this week.
To mitigate the impact of the trade war, China is emphasizing trade diversification and showcasing its market competitiveness at international trade fairs. Exporters in Guangzhou, for example, are looking beyond the U.S. market and exploring opportunities in other regions.
Despite the economic growth in the first quarter, concerns linger about the long-term impact of the trade war on China’s economy. As both countries continue to impose tariffs on each other’s goods, the outlook for China’s economic growth remains uncertain. Xi’s efforts to promote free trade and engage with other Asian countries reflect China’s strategy of maintaining stability amidst escalating trade tensions.
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