China's GDP grows 3% in 2022

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China's GDP grew 3 percent year on year in 2022, to over 120 trillion yuan or close to 18 trillion US dollars. Looking back, the second quarter saw the slowest growth with 0.4 percent. China had said it would focus on expanding domestic demand and give priority to restoring and expanding consumption in 2023, according to the tone-setting Central Economic Work Conference in December.

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