US EditionChina’s economy hit target with 5.2% growth in 2023, Premier Li Qiang tells Davos forum
- The Chinese economy surpassed its target of 5% growth in 2023, reaching a growth rate of 5.2%.
- Chinese President Xi Jinping is not attending the Davos event this year, similar to his U.S. Counterpart President Joe Biden.
- Youth unemployment in China is a concern, with over 20% of people aged 16 to 24 unemployed in May. Publication of youth unemployment figures has been suspended.
70 Articles
70 Articles
China’s Economy Expanded 5.2% Last Year, Hitting the Government’s Target Despite an Uneven Recovery
China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven.
China’s Economy Expanded 5.2％ Last Year, Hitting Target of ‘about 5％’
HONG KONG (AP) — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven.
China posts 5.2% growth in 2023 – worst in decades, as recovery stalls
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 crippling property crisis, sluggish consumption and global turmoil. Food delivery men ride electric scooters along a street at Central Business District in Beijing on January 16, 2024. Photo: Wang Zhao/AFP. Gross domestic product expanded 5.2 percent to hit 126 trillion yuan (US$17.6 tril…
China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
HONG KONG (AP) — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Official data released Wednesday showed that the Chinese economy grew 5.2% for 2023, surpassing the target of ‘about 5%’ that the government had set. The growth for 2023 is likely helped by 2022’s GDP of just 3…
INSTANT VIEW-China's GDP grows 5.2% in Q4, misses market forecast
INSTANT VIEW-China's GDP grows 5.2% in Q4, misses market forecast China's economy expanded 5.2% in the fourth quarter from a year earlier, official data showed on Wednesday, missing analysts' expectations slightly but still making it possible for Beijing to meet its annual growth target. Analysts had expected growth in gross domestic product (GDP) to pick up from the third-quarter's 4.9% pace due to a slew of policy support measures, but have c…
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