China’s economy achieves 3% growth in 2022

China’s economy achieves 3% growth in 2022

AA / Beijing / Mohammad Farid Mahmoud Abdullah

The Chinese economy grew by 3% in 2022, achieving its weakest performance in more than 4 decades, with the exception of 2020 indicators (penalized by the coronavirus pandemic), against a growth rate of 8.4% recorded in 2021.

This is according to data published on Tuesday by the National Bureau of Statistics (SNB), which had forecast earlier, last year, an economic growth rate of around 5.5% in 2022.

The year 2022 will have been a difficult year for the Chinese economy, due to the negative repercussions due to the strong resurgence of the coronavirus, which forced the country to establish containment in several cities, thus disrupting economic activity.

The number of shutdown days in China over the past year exceeded 100 days in several major cities, severely disrupting production and consumption sectors, as well as food supply chains. raw materials.

According to figures from the BNS, China’s gross domestic product (GDP) will reach 121.020.7 billion yuan ($17.950 billion) in 2022.

In the fourth quarter of 2022, the country’s GDP grew by 2.9%, year-on-year.

“The national economy has continued to expand despite the downward pressure, economic output has reached a new level,” Kang Yi, head of the National Bureau of Statistics, said at a press conference, as reported by the Chinese news agency Xinhua.

“Employment and prices have remained generally stable, people’s livelihood has been continuously improved, new achievements have been achieved in high-quality development, and the overall economic and social development has been stable and healthy,” added the head of the BNS.

Despite this slowdown in the growth of the Chinese economy, it has nevertheless consolidated its position as the world’s second largest economy in terms of GDP, after the United States.

* Translated from Arabic by Mounir Bennour.

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