Stay updated with breaking news from Let s go to katie. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 ....
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 tell us more. that s right. the big figure that we ve gotten i big figure that we ve gotten todayis big figure that we ve gotten today is china s population is still one. four billion. it sounds like a lot but the numbers are there were about 850,000 fewer chinese people at the end of 2022, compared to the end of 2022, compared to the same time last year. the reason this is problematic is they re seen notjust as one short term blip, but something of a trend. many population experts think this is going to likely usher in a period of decline in china s population numbers. and the reason for this being problematic is what we call demographic dec ....
Economy going forward.- economy going forward. thank ou so economy going forward. thank you so much. economy going forward. thank you so much, katie. joining me now isjinny yan, chief china economist at icbc standard bank. cheers. good to talk to you. what do cheers. good to talk to you. what do you cheers. good to talk to you. what do you make - cheers. good to talk to you. what do you make then - cheers. good to talk to you. what do you make then of. cheers. good to talk to you. l what do you make then of the news about the demographics to begin with, as katie outlined? going forward this is not good news, is it, for china in terms of future growth? i news, is it, for china in terms of future growth? of future growth? i think this has been of future growth? i think this has been much of future growth? i think this has been much predicted. i has been much predicted. however, the reality is there s negative growth in population and it will question how much china can conti ....