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World Business Report: First broadcast 17/01/2023 15:32 GMT : China's GDP growth slow down among worst on record

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China's GDP growth slow down among worst on record

First broadcast 17/01/2023 15:32 GMT 

First broadcast 17/01/2023 15:32 GMT : China's GDP growth slow down among worst on record

BBC World Service - World Business Report, China's GDP growth slow down among worst on record

China's economy grew last year at the second slowest rate in almost half a century.

Official figures show the gross domestic product (GDP) of the world's second largest economy rose 3% in 2022.

The Chinese economy expanded by 3% in 2022 - missing the official target of "around 5.5%" and a sharp drop from the 8.4% growth of 2021. If you leave aside 2020 - when the economy was hit by the worst effects of Covid - this was the lowest growth figure in nearly half a century.

(Picture: Financial stock exchange market display screen board on the street. Picture Credit: Getty Images)

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First broadcast 17/01/2023 15:32 GMT : China's GDP growth slow down among worst on record

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