"China's Fourth-Quarter GDP Misses Estimates, Resumes Youth Unemployment Data Posting"

1 min read
Source: CNBC
"China's Fourth-Quarter GDP Misses Estimates, Resumes Youth Unemployment Data Posting"
Photo: CNBC
TL;DR Summary

China missed fourth-quarter GDP estimates, reporting 5.2% growth for 2023, slightly below expectations, while also resuming the release of youth unemployment data, with a rate of 14.9% for those aged 16 to 24. Retail sales grew by 7.4% in December, industrial production rose by 6.8%, and fixed asset investment increased by 3%. The population shrank by over 2 million people in 2023, and the statistics bureau emphasized the need to enhance economic vitality and mitigate risks for sustained growth.

Share this article

Reading Insights

Total Reads

0

Unique Readers

7

Time Saved

2 min

vs 2 min read

Condensed

79%

37979 words

Want the full story? Read the original article

Read on CNBC