Posted 1/17/2024, 2:09:00 AM
China's Economic Growth Slows to 5.2% as COVID Recovery Remains Fragile
- China's 2023 GDP grew 5.2%, missing forecasts and showing a shaky recovery from COVID-19
- Property crisis deepened despite government efforts, with home prices and construction falling
- Retail sales and investment remained weak in December, though industrial output improved
- Jobless rates increased, especially for youth, as businesses remain wary of hiring
- Population declined for a second straight year, raising long-term growth concerns