we begin in china where we ve just had a slew of data that shows how deep the impact of both the pandemic and its demographics is having on society and the economy. data from the national bureau of statistics shows china s economy grew by 2.9% year on year for the last three months of 2022. that beat expectations reuters expected the economy to grow byjust1.8%. for the full year growth came in at 3% far below china s official target of 5.5%. excluding the year covid hit in 2020, this is china s worst showing in nearly 50 years. also today, the news that china s population has shrunk for the first time in more than 60 years a change that is expected to have deep economic, social and political implications for china. for more on that let s go to katie silver in our asia business hub. tell us more. that s right. the bi . tell us more. that s right. the big figure tell us more. that s right. the big figure that tell us more. that s right. the big figure that we ve tel
how much they can survive, but how sustainable their debt, particularly on the financial sector, will bring greater impacts for the wider economy. now, we have had very much a policy a series policy issued in the last month or so to lift funding, the availability of bank lending and otherforms of availability of bank lending and other forms of financing for these developers. and, number two, also help for mortgage borrowers. so for buyers and home buyers to help them to buy property market again. so a healthy growth in the property sector is starting to resurface. and we think that should at least see the property sector bottom out already. property sector bottom out alread . ., ., already. now we ve mentioned urowth of already. now we ve mentioned growth of 396 already. now we ve mentioned growth of 396 for already. now we ve mentioned growth of 396 for the already. now we ve mentioned growth of 396 for the year. i already. now we ve mentionedj growth of 396 for the year.