China's economy recorded its lowest annual growth rate in more than three decades in 2023, as it was hit by a real estate crisis accompanied by weak consumption and global uncertainty.
According to a group of ten experts interviewed by AFP, China's GDP rose by 5.2 percent, the lowest rate since 1990, except during the coronavirus pandemic.
The figure will represent an improvement from 3 percent in 2022, although business activity that year was hit by tight health restrictions designed to contain the virus. After lifting the measures, Beijing set itself a growth target of around 5 percent for 2023.
Source (Al Khaleej Emirati Newspaper, Edited)
