Jan 16, 2025
China's Q4 GDP grows 5.4% y/y, beating market forecast
China's economy grew 5.4% in the fourth quarter from a year earlier, official data showed on Friday, significantly beating analysts' expectations and enabling the government to meet its annual growth target. Analysts polled by Reuters had forecast fourth-quarter gross domestic product (GDP) would expand 5.0% from a year earlier, quickening from the third-quarter's 4.6% pace as a flurry of support measures began to kick in. For the full-year 2024, the world's second-largest economy grew 5.0%, data from the National Bureau of Statistics data showed, meeting the government's annual growth target of around 5%.