China’s GDP grew 3% in 2022, Q4 growth hit 2.9%, both beat expectations
China’s GDP grew 3% in 2022, Q4 growth hit 2.9%, both beat expectations

China’s GDP grew 3% in 2022, Q4 growth hit 2.9%, both beat expectations

 

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China's GDP growth for 2022 hit one of the lowest levels in nearly half a century as the world's second largest economy was hit hard by strict Covid curbs and a property market slump.

GDP grew 2.9% year over year in the fourth quarter of the year, showed data from the National Bureau of Statistics (NBS) on Tuesday, slowing from the 3.9% expansion in the previous quarter. The rate still exceeded the second quarter's 0.4% expansion and market expectations of a . . .

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