Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.

China's economy posted a solid 5.3 percent growth in the first half of 2025, according to data released by the National Bureau of Statistics (NBS) on Tuesday, demonstrating the strong resilience of the world's second-largest economy despite a complex global environment.

U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.

June, Chinese leader Xi Jinping has got a boost to negotiate better terms in ongoing trade talks with the United States. He has already leveraged the near-monopoly over rare earths to force US President Donald Trump to blink and make concessions.

Previous months’ data showed a clear impact of China's trade-in policy on supporting consumption. While the beneficiary categories of household appliances (32.4%) and communication equipment (13.9%) continue to outpace headline growth, we could soon be nearing the peak of this policy-driven boost.

Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more than 5% in the second quarter.

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.

Central bank says the economy has not yet seen the full impact of its policy moves, which are evolving and being adapted as needed.