By Ethan Smith
At the World Economic Forum on Tuesday, Premier Li Qiang stated that China's economy expanded by roughly 5.2% in 2023—a little bit faster than the official goal Beijing had set.
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China's economy has generally recovered and improved in the most recent 2023, Li told a gathering of world leaders in business and politics.
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Before this, the Chinese government had stated that it aimed for a growth rate of about 5% in the previous year.
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Many economic issues have plagued the nation, including the real estate crisis, record-high youth unemployment rates, deflation, and an aging population.
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Global economists have generally predicted that China's growth will slow to about 4.5% this year.
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