Beijing: China's economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted.
Growth of the world's second largest economy slid to 2.9 per cent over a year earlier in December from the previous month's 3.9 per cent, government data showed Tuesday.
Forecasters say activity is reviving but wary consumers are returning only gradually to shopping malls and restaurants amid a surge in COVID-19 infections. The government says the peak of that wave appears to have passed.
Last year's expansion was less than half of 2021's 8.1 per cent growth
Biocon Raises ₹4,150 Crore Via QIP, To Buy Viatris Stake In Biocon Biologics
Palghar: 24-Year-Old Woman Loses ₹1.41 Lakh To Fake Religious Ritual Scam Found On Instagram
Mumbai BMC Elections 2026: Confusion Over Mobile Phone Rules Creates Chaos At Polling Booths
Watch: Shashi Tharoor's Dance To Taylor Swift's 'Fate Of Ophelia' Goes Viral: Netizens Say, 'Your Gen Z Manager Deserves A Raise'
