2024-01-17 01:10:00 ET
- China's economy saw a less-than-anticipated growth in Q4 due to ongoing challenges such as sluggish consumer spending and a decline in the real estate sector.
- China’s GDP climbed 5.2% in Q4 of 2023, faster than a 4.9% growth in Q3 but less than market forecasts of 5.3%.
- For the full year, the economy also grew by 5.2%, exceeding the official target of around 5.0% and picking up from a 3.0% rise in 2022 amid various support measures from Beijing and a low base comparison from the prior year.
- For 2024, Beijing is set to announce the GDP growth target at an annual parliamentary meeting in early March.
-
ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ).
-
Currency: ( CNY:USD )
-
More on China economy:
-
PBoC keeps medium-term lending facility rate unchanged at 2.5%
-
China’s economy remains deflationary as consumer prices fall for third straight month in December
-
China trade surplus larger than estimated amid robust exports
-
Chinese spy balloon said to use US internet service provider: report
-
China pledges to strengthen fiscal policy to fuel economy's recovery
-
For further details see:
China Q4 GDP grows less than expected at 5.2% amid weak spending, property market decline