Chinese economic growth in 2023 met the government's target of around 5 percent. But recovery remains lackluster following slow growth the previous year due to its strict zero-coronavirus policy.

The National Bureau of Statistics announced on Wednesday that China's Gross Domestic Product grew 5.2 percent last year from 2022 in inflation-adjusted terms.

The rate of expansion is higher than the 3 percent growth of the previous year, but still relatively weak.

For the three months to December, China's GDP grew 5.2 percent year-on-year. But expansion from the previous quarter was just 1 percent, signaling a slowdown in the pace of recovery.

A persistently sluggish real-estate market and difficult employment conditions are also fueling uncertainties about the future.

Chinese Premier Li Qiang addressed the issue during the annual meeting of the World Economic Forum in Davos, Switzerland on Tuesday. He said his nation's economy is making steady progress and will continue to provide strong impetus for global economic development.