Tue Jul 15 04:45:28 UTC 2025: Okay, here’s a news article summarizing the information you provided:
**China’s Economy Defies US Tariffs, Posts Solid Growth in Second Quarter**
**Beijing** – China’s economy has demonstrated surprising resilience in the face of ongoing trade tensions with the United States, posting a 1.1% GDP increase in the second quarter of 2024 (April-June), according to official data released Tuesday. This translates to an annualized growth rate of 5.2% for the quarter and 5.3% for the first half of the year, keeping China on track to meet its ambitious annual growth target of approximately 5%.
The National Bureau of Statistics attributed the strong performance to “more proactive and effective macro policies,” highlighting the “strong resilience and vitality” of the Chinese economy.
Analysts are cautiously optimistic. Lynn Song, chief economist for Greater China at ING, described the results as “certainly encouraging” compared to earlier pessimistic forecasts. She noted that trade data benefited from frontloading in the first quarter and remained surprisingly robust throughout the first half of the year, leading to strong industrial production.
However, Song warned that the second half of the year could be more challenging due to continued tariff uncertainty. The current trade truce between the US and China, which involved scaling back tariffs imposed earlier this year, is set to expire on August 12. The two nations must renew the agreement or forge a new one to avoid tariffs reverting to previous levels.
Despite US tariffs, Chinese exports rose by 5.8% year-on-year in June, driven by increased shipments to non-US markets and the temporary reprieve from higher duties. Under the current truce, Chinese imports to the US face a minimum duty of 30%, while US exports to China are subject to a 10% rate.
The coming weeks will be crucial in determining the future of US-China trade relations and their potential impact on China’s continued economic growth.
First Piper 