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
Thane Municipality Imposes ₹5,000 Fine For Lighting Bonfires Amid Rising Pollution
Kerala Congress To Commemorate 100th Anniversary Of Vaikom Satyagraha With Major Event
SC Seeks ECI Response On Kerala Plea To Defer Voter Roll Revision Amid Upcoming Local Polls
Maharashtra State Finance Commission Reviews Municipal Corporations’ Financial Health In Thane
