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Briefing
asia

China’s Economy Slowed Amid Weak Consumer Spending and Lower Population Growth

By
Shai Oster
· · Source: The New York Times

China’s economy grew just 4% in the last quarter of the year—the slowest since 2020 as a property slump and new Covid outbreaks hurt consumer spending and undercut a strong first half of the year. The economy grew 8.1% for the year. The slowing growth creates a more challenging environment for China’s biggest consumer internet platforms such as Alibaba, Tencent and ByteDance. Clouding the...

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