Tariffs are just one piece of a broader strategy aimed at curbing the growth of the world's second-largest economy and containing its geopolitical expansion.

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds.

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds. The target for GDP growth was announced Wednesday in a report being presented by Premier Li Qiang at the opening session of the National People's Congress,

The growth figure, which was in line with market expectations, signalled Beijing’s determination to maintain growth in the face of renewed trade hostilities with the US, which imposed additional tariffs on China this week.