China’s Economy Grows by 5.2% in 2023; Stocks Hit Lowest Valuation Against S&P 500 Since 2010 – Government Warns Against Institutional Stock Sales

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Chinese Premier Li Qiang said Tuesday the country’s economy was expected to have grown by around 5.2 percent in 2023, as he addressed an annual meeting of global elites in Davos.

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The figure would represent an improvement on the three percent recorded in 2022, when tight zero-Covid curbs hammered business activity.

But it would still mean the lowest growth since 1990, excluding the years of the pandemic.

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