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China’s GDP slowed to 2.9% (YoY) in Q4 2022

China’s economy experienced ups and downs in 2022 due to the unstable Covid policy. The economy grew by 2.9% (YoY) in the fourth quarter. Looking back at the full year, China’s GDP grew by 3% in 2022, lower than the general expectation of 5.5% for the year.
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