China's Economy Grew 5.2% in 2023, Chinese Premier Li Qiang Says

January 16, 2024--The National Statistics Bureau is due to publish 2023 growth figures on Wednesday
China's economy grew around 5.2% in 2023, Chinese Premier Li Qiang said Tuesday, a day before the country's statistics agency is due to release full-year growth figures.

"Last year in 2023, the Chinese economy rebounded and moved upward, with an estimated growth of around 5.2%, higher than the around 5% target set at the beginning of last year," Li said during an address at the World Economic Forum in Davos.

China's Economy Has Not Peaked

January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Summary
China's GDP is growing. Youth unemployment is down. And the property-market crisis is moderating. But the economy's dynamism is missing.