5 2 Surge One Third Of World Gdp Expansion Chinas Economy Still Main Force Of Global Growth

5 2 Surge One Third Of World Gdp Expansion China Official data released wednesday showed that the chinese economy grew 5.2% for 2023, surpassing the target of ‘about 5%’ that the government had set. the growth for 2023 is likely helped by 2022’s gdp of just 3% as china’s economy slowed due to covid 19 and nationwide lockdowns during the pandemic. Fabrice coffrini afp getty images. china’s economy grew by about 5.2% in 2023, slightly better than the official target beijing had set, premier li qiang said tuesday at the world economic forum.

Visualizing China Economic Growth In The Past 30 Years China’s economy grew 5.2% in 2023. while this expansion marked a significant pick up compared to 2022, when it grew by just 3% amid intense coronavirus lockdowns and disruption, it was still one. China’s economy is set to rebound this year as mobility and activity pick up after the lifting of pandemic restrictions, providing a boost to the global economy. the economy will expand 5.2 percent this year, according to our latest projections, versus 3 percent last year. that’s good news for china and the world as the chinese economy is. China’s economy grew 5.2 percent last year as it rebounded from nearly three years of stringent “zero covid” pandemic control measures, the country’s national bureau of statistics. Already, china’s expanding clean energy sector accounted for an estimated 40% of the country's economic expansion in 2023. meanwhile, private sector spending on research and development has doubled in the past five years. the world economic forum’s chief economists outlook: may 2024, a survey of top economists around the world, also found.