China Economic Growth Rate

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter.

China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.

An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this century, the World Bank said Monday, proposing measures to prevent a "lost decade" of growth.

China's economy grew 3.0 percent in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis.

Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.

The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate hikes sent investors scrambling for safety.

Crude oil prices fell over 2.5 per cent to below $104 per barrel early on Monday on demand worries driven by the extended restrictions in China and global economic growth concerns as central banks look poised to tighten policy aggressively.

China has lowered its GDP target to 5.5 per cent for this year bringing it down from last year's 6.1 per cent

The birth rate in China plummeted to a record low last year, official data showed Monday, as analysts warn that faster-than-expected ageing could deepen economic growth concerns.

The eight percent prediction by IMF is down 0.1 percentage points from its July estimate as analysts warn China is facing a painful fallout from real estate weakness and shocks from surging coal prices and shortages

Growth slowed significantly from a record 18.3 per cent expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump.

Aided by strict virus containment measures and emergency relief for businesses, the economy has recovered from a steep 6.8 per cent slump in the first three months of 2020.

S&P in its report saidthat China is likely to maintain above-average economic growth relative to other middle-income economies

The coronavirus pandemic's economic fallout could cause China's growth to come to a standstill while driving 11 million more people in East Asia into poverty, the World Bank warned Monday.

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter.

China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.

An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this century, the World Bank said Monday, proposing measures to prevent a "lost decade" of growth.

China's economy grew 3.0 percent in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis.

Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.

The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate hikes sent investors scrambling for safety.

Crude oil prices fell over 2.5 per cent to below $104 per barrel early on Monday on demand worries driven by the extended restrictions in China and global economic growth concerns as central banks look poised to tighten policy aggressively.

China has lowered its GDP target to 5.5 per cent for this year bringing it down from last year's 6.1 per cent

The birth rate in China plummeted to a record low last year, official data showed Monday, as analysts warn that faster-than-expected ageing could deepen economic growth concerns.

The eight percent prediction by IMF is down 0.1 percentage points from its July estimate as analysts warn China is facing a painful fallout from real estate weakness and shocks from surging coal prices and shortages

Growth slowed significantly from a record 18.3 per cent expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump.

Aided by strict virus containment measures and emergency relief for businesses, the economy has recovered from a steep 6.8 per cent slump in the first three months of 2020.

S&P in its report saidthat China is likely to maintain above-average economic growth relative to other middle-income economies

The coronavirus pandemic's economic fallout could cause China's growth to come to a standstill while driving 11 million more people in East Asia into poverty, the World Bank warned Monday.