China's strict zero-covid policy took the economic growth to one of the weakest in decades, but the lifting of stringent measures over December is widely expected to boost industrial production, exports and retail sales in the new year.
The second largest economy grew only 3.0 percent in 2022, marking the weakest expansion in decades, figures from the National Bureau of Statistics revealed on Tuesday.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.