China’s economy last year suffered one of its worst annual performances in more than three decades
Gross domestic product expanded 5.2 percent to hit 126 trillion yuan ($17.6 trillion), National Bureau of Statistics (NBS) reported.
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Official GDP figures remain a key source of insight into the health of the world’s second-largest economy, despite being eminently political.
After lifting Covid measures, Beijing set itself a growth target of “around five percent” for 2023.
The country’s exports — historically a key growth lever — fell last year for the first time since 2016, according to figures published by the customs agency on Friday.
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