Today news
About the same in other media
China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
Reading now: 433
SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses, emphasizing the high cost of zero-tolerance Covid-19 policies that Beijing abruptly abandoned at the end of 2022.
China’s economy expanded 3% in 2022, the National Bureau of Statistics said Tuesday, a sharp slowdown from the 8.1% pace recorded in 2021. Aside from 2020, when the economy grew only 2.2%, 2022 marked the worst year for gross domestic product growth in China since 1976, the year that Mao Zedong’s death ended the decade of strife known as the Cultural Revolution, according to World Bank data.
Read more on wsj.comAbout this in other media
China’s Consumers Drive Rebound in Economic Activity wsj.com /1 year ago
China’s Consumers Drive Rebound in Economic Activity wsj.com /1 year ago
Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears cointelegraph.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
