China’s economy rose slightly in the fourth quarter of 2023, allowing the government to hit its growth target after it missed the mark last year.
Gross domestic product (GDP) rose 5.2% in the period October to December compared to the previous year, according to data released on Wednesday.
Figures also showed that the country’s population was on the decline for a second consecutive year.
A plummeting birth rate and a wave of deaths due to the coronavirus pandemic has quickened a downtourn that is projected to have long-term effects on the economy’s growth potential.
This is a developing story. More to follow.
dvv/rt (Reuters, AFP)
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