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International Business Times
International Business Times
World

'No Money': Gloom On Beijing Streets As Economic Growth Slows

Government data on Friday showed the economy grew by five percent in 2024 -- hitting a much-touted government target but its lowest since 1990 (Credit: AFP)

Consumers pinching pennies, businesses seeing fewer customers, and a pervading sense that the economy just isn't bouncing back -- the mood was grim in Beijing as China posted some of its lowest growth in decades.

Government data on Friday showed the economy grew by five percent in 2024, hitting a much-touted government target but its lowest since 1990 with the exception of the Covid-19 pandemic years.

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