China’s economic growth in 2022 among worst in decades as country posts first population decline since 1960s


Source: theglobeandmail.com theglobeandmail.com

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A man and a child wearing face masks walk by shuttered stores on Jan. 3, 2023, which would be selling souvenirs in Qianmen, a popular tourist spot in Beijing.Andy Wong/The Associated Press The Chinese economy grew by 3 per cent in 2022, the second-lowest rate since the 1970s, missing an official target of “around 5.5 per cent,” as COVID controls and other headwinds continued to drag on the world’s second-largest economy. Beijing hopes to get things back on track this year, after an abrupt pivot away from zero-COVID last month enabled the country to reopen, even as infections spiked nationwide....