For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails
Sign up to our free breaking news emails
China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven.
Official data released Wednesday showed that the Chinese economy grew 5.2% for 2023, surpassing the target of ‘about 5%’ that the government had set.
The growth for 2023 is likely helped by 2022’s GDP of just 3% as China’s economy slowed due to COVID-19 and a nationwide lockdown.
For the fourth quarter, China’s gross domestic product also grew at 5.2%.
On a quarterly basis, the economy rose 1% in Q4, slowing from the expansion of 1.3% in Jul-Sep.
"though" - Google News
January 17, 2024 at 09:07AM
https://ift.tt/iorGNR6
China's economy expanded 5.2% last year, hitting target of 'about 5%' even though recovery is uneven - The Independent
"though" - Google News
https://ift.tt/hy4iJ63
https://ift.tt/BvrWPa1
Bagikan Berita Ini
0 Response to "China's economy expanded 5.2% last year, hitting target of 'about 5%' even though recovery is uneven - The Independent"
Post a Comment