Jia also pointed out that the downward trend of China's macroeconomy since 2010 has not ended. In 2022, the GDP growth rate is expected to be around 3%, affected by demand contraction, supply shock, and weaker expectations. The market expectation continues to decline this year. However, with...
China’s economy grew by 2.9 per cent in the fourth quarter of 2022, compared with a year earlier, bringing the overall growth rate for last year to 3 percent, official data released on Tuesday showed. The country's annual GDP came in at 121.02 trillion yuan ($17.94 trillion) in 2022, ...
Jia also pointed out that the downward trend of China's macroeconomy since 2010 has not ended. In 2022, the GDP growth rate is expected to be around 3%, affected by demand contraction, supply shock, and weaker expectations. The market expectation continues to decline this year. However, with...
China’s economy grew by 2.9 per cent in the fourth quarter of 2022, compared with a year earlier, bringing the overall growth rate for last year to 3 percent, official data released on Tuesday showed. The country's annual GDP came in at 121.02 trillion yuan ($17.94 trillion) in 2022, ...
—— After the target of an annual economic growth of 5.5% was set by the government, problems in the Chinese economy were beyond expectations, according to the speech delivered by Jia Kang, a famous economist and former director of Chinese Academy of Fiscal Science, at the 2022 T-EDGE Glob...
China's potential economic growth rate is estimated to stand between 5 percent and 6 percent,which is still a global medium-to-high range especially considering the sheer size of China, reflecting the huge potential of the world's second-largest economy, NBS officials said. ...
In 2022, the added value of the primary industry and the secondary industry saw a year-on-year growth of 4.1 percent and 3.8 percent respectively, higher than the overall economic growth rate. The added value of the tertiary sector, or the service industry, expanded by 2.3 percent compared ...
China's gross domestic product (GDP) expanded by 3 percent year on year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, data from the National Bureau of Statistics (NBS) showed on Tuesday. The annual growth rate beat a median economist ...
Previously, major global organizations downgraded their world growth forecasts for 2022, citing pandemic shocks and rising inflation, among other factors. In late January, the International Monetary Fund projected the global eco...
"China's national economy made a good start this year, and market expectation saw significant improvement," said NBS spokesperson Fu Linghui at a press conference. China's GDP grew 3 percent year on year in 2022, and 2.9 percent ye...