Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.

China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.

The world economy is growing steadily in the face of global conflict, protectionist trade policies and high interest rates.

Global economic growth is set to steady this year and next, but remain weak and below rates that would enable poor countries to narrow the income gap with rich ones as quickly as they did earlier in the century,