{"id":22984,"date":"2024-01-17T11:11:23","date_gmt":"2024-01-17T06:11:23","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=22984"},"modified":"2024-01-17T11:11:23","modified_gmt":"2024-01-17T06:11:23","slug":"chinas-population-continues-to-drop-while-its-gdp-grows-slowly-in-2023","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/latest-news\/chinas-population-continues-to-drop-while-its-gdp-grows-slowly-in-2023\/","title":{"rendered":"China&#8217;s population continues to drop while its GDP grows slowly in 2023"},"content":{"rendered":"<p>The GDP reached a government objective in 2023, according to official data, but the rebound appears unequal.<\/p>\n<p>China&#8217;s economy expanded by 5.2% in 2023, meeting the government&#8217;s stated goal. However, given the country&#8217;s protracted real estate crisis, low corporate and consumer confidence, and slow global development, there are still worries about the country&#8217;s growth pace.<\/p>\n<p>Read More:\u00a0<em><strong><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/ecp-bans-changing-of-election-symbols.html\">ECP bans changing of Election symbols<\/a><\/strong><\/em><\/p>\n<p>According to China&#8217;s National Bureau of Statistics, the GDP of the second-biggest economy in the world increased by 5.2% in the last three months of 2023 over the same period the previous year.<\/p>\n<p>The chairman of the agency, Kang Yi, said that the expansion had been &#8220;hard won&#8221; and issued a warning that insufficient demand and a complicated external environment would await the economy in 2024.<\/p>\n<p>Due to its zero-COVID policy and extended COVID-19 laws, China&#8217;s GDP only expanded by 3% in 2022.<\/p>\n<p>Read More:\u00a0<strong><em><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/election-2024-symbol-dispute-may-cause-a-poll-delay-the-ecp-cautions.html\">Election 2024: &amp;#8220;Symbol dispute&amp;#8221; may cause a poll delay, the ECP cautions<\/a><\/em><\/strong><\/p>\n<p>Beijing gave itself a growth goal of \u201croughly five percent\u201d for the previous year after removing the restrictions at the close of 2022.<\/p>\n<p>Following a brief post-pandemic recovery, the economy has been burdened by record levels of youth unemployment, a worldwide downturn, and the ongoing real estate market crisis, which the government has been attempting to control with huge debt and speculation.<\/p>\n<p>Exports, which have always been a major driver of growth, decreased last year for the first time since 2016, according to data released by the customs office on Friday.<\/p>\n<p>Growth has also been hampered by geopolitical tensions with the US and initiatives by certain Western countries to diversify their supply chains or lessen their reliance on China.<\/p>\n<p>In March, Chinese officials are expected to announce their 2024 growth objective.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GDP reached a government objective in 2023, according to official data, but the rebound appears unequal. China&#8217;s economy expanded by 5.2% in 2023, meeting the government&#8217;s stated goal. However, given the country&#8217;s protracted real estate crisis, low corporate and consumer confidence, and slow global development, there are still worries about the country&#8217;s growth pace. [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":22985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,21,3],"tags":[470,10773,3516],"class_list":["post-22984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-world","tag-china","tag-chinas-economy","tag-gdp"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/22984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=22984"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/22984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/22985"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=22984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=22984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=22984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}