On Monday, the yield on China's 10-year government bonds declined to approximately 1.83%, marking a new three-week low, as investors scrutinized the latest economic data from the nation. In the fourth quarter, China's economy grew by 4.5% year-on-year, representing the slowest rate in nearly three years. However, the annual growth rate achieved 5%, aligning with Beijing's target. This performance was bolstered by a record trade surplus, driven by robust exports to markets outside the US and mitigating the impact of American tariffs. December's data indicated an industrial output surpassing forecasts, though retail sales and fixed asset investment did not meet expectations. Concurrently, the central bank unveiled sector-specific rate cuts aimed at an early economic stimulus and hinted at potential reserve requirement reductions and broader rate cuts within the year, exerting further downward pressure on yields. Adding to global economic uncertainties, US President Donald Trump stirred concerns by threatening tariffs on eight European countries concerning Greenland.