China’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…
China’s economy expanded 5.2% last year, hitting target of ‘about 5%’ even though recovery is uneven
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…
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