China's Economy Grew by 3.0% Annually in 2022

17 January 2023

China's economy grew by 3.0% in 2022, significantly below the official target of "around 5.5%" and braking sharply from 8.4% growth in 2021. Excluding the 2.2% expansion after the initial COVID hit in 2020, it's the worst showing since 1976. Gross domestic product (GDP) grew 2.9% in October-December from a year earlier, data from the National Bureau of Statistics (NBS) showed, slower than the third-quarter's 3.9% pace. The rate still exceeded the second quarter's 0.4% expansion and market expectations of a 1.8% gain.
Source:  Reuters
Post by: Republic of Türkiye Ministry of Trade