China’s gross domestic product or GDP grew 5% in 2024, with the country pursuing high quality development, green energy, consumer spending and further opening up. The United States closed 2024 with 2.3% GDP growth. Consumer spending also helped keep the economy humming. The U.S. Federal Reserve announced a pause in interest rate cuts this week describing the economy as strong. The European Central Bank, however, announced more interest rate cuts for the Eurozone. The bloc’s largest countries, France and Germany, are still struggling with high inflation and little to no growth.

To discuss:

• Yan Liang is a Chair Professor of Economics at Willamette University.
• Anthony Chan is a former Chief Economist for JP Chase Morgan.
• Klisman Murati is the Founder of Pareto Economics and creator of the Global Power Index.
• John Gong is a Professor of Economics at the University of International Business and Economics.

China’s economic prospects and development strategies were a key focus at the World Economic Forum (WEF) Annual Meeting 2025 in Davos, with senior officials and global business leaders emphasizing the country’s pivotal role in the global economy.https://t.co/caTz3onduU

— CGTN America (@cgtnamerica) January 22, 2025

Latest GDP numbers showed that the U.S. economy expanded 2.3% in the fourth quarter. Ken Kuttner, Professor of Economics at Williams College, takes a closer look. #biz #bizshow #globalbiz #US #economy #GDP pic.twitter.com/t99xb0glj7

— CGTN America (@cgtnamerica) January 31, 2025