Just Earth News | @justearthnews | 16 Jan 2023, 09:43 pm Print

Pixabay
Beijing: China's economic state witnessed one of its slowest growths in several decades amid COVID-19 infection surge in recent times.
Official figures show gross domestic product (GDP) in the world's second largest economy rose by 3% in 2022, reports BBC.
This is below the government's estimated 5.5 percent target.
Beijing, which was following a strict zero-COVID policy, lifted it abruptly recently.
The policy had a major impact on the country's economic activity last year but the sudden relaxation of the rules has led to a jump in Covid cases that threatens to also drag on growth in the early part of this year, the British media reported.
Other than at the start of the pandemic in 2020, when full-year GDP expanded 2.2%, last year's economic growth was the weakest since 1976, BBC reported.
- Top UN economist warns US tariff delay deepens trade uncertainty
- AirAsia signs agreement with Airbus for 70 A321XLRs
- Microsoft quits Pakistan operations, ex-President expresses concerns
- Microsoft to lay off 9,100 employees in largest job cut since 2023
- UAE attracting 9800 millionaires in 2025: Reports