China’s economy grew by 5.2 percent in 2023, hitting the government’s official target, but concerns about growth momentum remain amid a protracted property crisis, sluggish consumer and business confidence, and weak global growth.
China’s National Bureau of Statistics said gross domestic product (GDP) in the world’s second-biggest economy also rose by 5.2 percent in the final three months of 2023, compared with the same period last year.
