China's economy in 2023 expands a real 5.2 percent from a year earlier, government data showed Wednesday, with the figure meeting the country's annual target of around 5.0 percent due partly to the previous year's low base caused by the stringent "zero-COVID" policy.
China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.
China’s economy grew in 2023 by 5.2 per cent, year on year, and similarly finished the year with 5.2 per cent growth in the fourth quarter, according to data released on Wednesday.