China's industrial output grew at a modest 1.3% pace last month year-on-year, official data showed on Tuesday, easing from a 2.2% rise in November, as manufacturing activity was hit by the rampant spread of COVID infections that bound workers indoors.
Retail sales contracted for a third straight month to 1.8% even as China abandoned its stringent zero-COVID policy last month, removing movement controls and testing measures. Consumption weakened as infections surged and people took time to recover.Fixed asset investment grew 5.1% in 2022, beating a forecast 5.0% rise and down from a 5.3% jump in January-November.
The world's second-largest economy was sluggish for most of last year due to China's tough anti-virus measures, a prolonged slump in its property sector and feeble global growth.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Dec home prices decline further, more cities record fallsChina's new home prices fell for the fifth straight month in December as COVID-19 outbreaks hurt demand, but the dismantling of strict pandemic curbs and hope for more support measures have brightened the outlook.
Read more »
China's Dec home prices fall, more supportive policies likelyChina's new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook.
Read more »
China’s population drops for the first time in decadesChina was widely expected Tuesday to report its first population decline in decades.
Read more »
Denver weather: Mild start to the week before possible snow TuesdayDenver residents will see a mild start to the week before possible snow Tuesday, according to the National Weather Service at Boulder. cowx
Read more »
Veterans Get Expanded Suicide Crisis Care Coverage Starting TuesdayVeterans in suicidal crisis can get free emergency health care at any facility, including private, non-Veterans Administration sites, even if they are not enrolled in the VA system. The new benefit begins Tuesday.
Read more »
RE:CALL Set To Be Released For PC This TuesdayTake a trip down memory lane in a very surreal experience as the RECALL will drop onto PC this coming Tuesday. indiedev indiegame
Read more »