China Faces Economic Struggles as Trump Returns to White House
Economic uncertainty grows with a real estate crisis, weak domestic consumption, and potential U.S.-China trade tensions under Trump's leadership.
- China's economy met its 5% growth target in 2024, but challenges persist, including a real estate market crisis and declining consumer spending.
- Donald Trump, set to begin his second term as U.S. president, has announced plans for new 10% tariffs on Chinese goods, raising fears of renewed trade conflicts.
- Economic analysts predict that China's economic conditions are unlikely to improve significantly in 2025 due to both internal and external pressures.
- German companies operating in China remain concerned about weak domestic demand, rising competition from local firms, and unpredictable global trade risks.
- China is prioritizing modernization and technological independence to reduce reliance on foreign markets and counter potential U.S. trade restrictions.