China's economy expanded 3 percent in 2022, much lower than Beijing's 5.5 percent target.
The government announced real gross domestic product figures Tuesday.
Year-on-year growth in the world's second-largest economy was the slowest since 2020, when the impact of the coronavirus pandemic first spread.
China's zero coronavirus policy in 2022 damped economic activity by restricting people's movements.
GDP grew 2.9 percent year-on-year in the fourth quarter.
The government announced real gross domestic product figures Tuesday.
Year-on-year growth in the world's second-largest economy was the slowest since 2020, when the impact of the coronavirus pandemic first spread.
China's zero coronavirus policy in 2022 damped economic activity by restricting people's movements.
GDP grew 2.9 percent year-on-year in the fourth quarter.
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Summary
China's GDP growth was 3% in 2022, falling short of the 5.5% target set by Beijing. The slowest growth since 2020, attributed to China's zero-COVID policy, was announced on Tuesday. Year-on-year Q4 growth stood at 2.9%.
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ID: 5eae546a-7857-43cb-9d50-6ddb8e76bcdf
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230117_17/
Date: Jan. 17, 2023
Created: 2023/01/17 16:28
Updated: 2025/12/09 08:51
Last Read: 2023/01/17 20:21