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China has maintained its estimate of GDP growth in 2022 at 3%


December, 29 2023
watermark Economic news

The volume of China's economy by the end of 2022 amounted to 120 trillion 472.4 billion yuan ($17 trillion), according to the final data of the country's State Statistical Office. This is 548.3 billion yuan below the preliminary estimate.


The estimate of China's GDP growth last year remained at 3%, as previously announced. Annual GDP is calculated twice: a preliminary estimate for the previous year is published in January of this year, and the final result becomes known in January of next year.


In the three quarters of 2023, the Chinese economy grew by 5.2% compared to the same period last year. Beijing plans to achieve economic growth of about 5% this year.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.