China's economy expanded 5.2% last year, hitting target of 'about 5%'
Wednesday, 17 January 2024 China's economy grew at a faster pace in Q4, achieving its 5% annual growth target for 2023. The performance was attributed to strategic measures, including strengthening macro regulation and expanding domestic demand. Key indicators such as industrial output and retail sales showed growth. However, challenges remain, including a property crisis and weakened consumer and business confidence. Addressing the World Economic Forum on Tuesday, Chinese Premier Li Qiang highlighted the achievement of the economic target without resorting to "massive stimulus."
China's economy last year suffered one of its worst annual performances in more than three decades, as the country also reported a continued population decline in 2023, China's National Bureau of Statistics reveals.
Gross domestic product expanded 5.2 percent to hit 126 trillion yuan ($17.6...
China's economy last year suffered one of its worst annual performances in more than three decades, official figures showed Wednesday, as the country battled a... IndiaTimes
Demographers estimate population data on January 17 to show the number of new births in 2023 falling below the 9.56 million in 2022 as long-standing issues such... IndiaTimes
China released youth unemployment data Wednesday for the first time since the jobless rate reached a record high in June last year, using a new approach that... IndiaTimes
Wednesday, 17 January 2024
