Gross domestic product grew 2.9% in October-December from a year earlier, data from the National Bureau of Statistics showed on Tuesday, slower than the third-quarter's 3.9% pace. The rate still exceeded the second quarter's 0.4% expansion and market expectations of a 1.8% gain.
For 2022, GDP expanded 3.0%, badly missing the official target of "around 5.5%" and braking sharply from 8.4% growth in 2021. Excluding the 2.2% expansion after the initial COVID hit in 2020, it's the worst showing since 1976 - the final year of the decade-long Cultural Revolution that wrecked the economy.
The" data so far supports our long-held view that China's reopening boost will be somewhat anaemic at the beginning, with consumer spending being a key laggard in the initial stages," Loo said. Authorities have rolled out a flurry of support policies targeting homebuyers and property developers in recent weeks, to relieve a long-running liquidity squeeze that has hit developers and delayed the completion of many housing projects.fell for the first time since 1961
That is century.. with a c!
“I did that!”
The editor of Reuters once fell down in China and lay on a pile of dog shit. From then on, he hated China.
So … China’s inflation became deflation for 2022 and the government may do something to bring private business prices higher
Now on china, instead of update us on Biden secret documents. Everytime we used to get timely updates on Trump secret documents. So what happen my best Reuters news? Please updates🤣
Aw
1st Q is going to be worse due to lack of workers, they are all sick.
9 out of 10 American still don't care about China
And it’s only going downhill from here.