China beat growth expectations in first quarter of 2025, but US tariffs dim outlook
1. China's GDP grew 5.4% in Q1, surpassing expectations. 2. Retail sales and factory output grew beyond forecasts. 3. U.S. tariffs on China increased to 145%, prompting retaliatory measures. 4. China's growth outlook for 2025 is now at 4.5% amid trade tensions. 5. Beijing plans to boost consumption to mitigate tariff impacts.