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China’s economy grew by 3 per cent in 2022, the National Statistics Bureau announced on January 17, 2023. The figure for GDP growth was the second-lowest recorded since 1976, and it comes as China recovers from a year ravaged by the coronavirus pandemic amid lockdowns and later a rise in infections as the nation stepped back from zero-Covid policies. The world’s second-largest economy continues to face multiple headwinds in 2023, and the People’s Bank of China has vowed to implement monetary policies to improve incomes and boost consumption.

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China records second-lowest annual economic growth rate in 46 years https://sc.mp/j9ip

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