China’s economic growth plunged to 3 percent last year under pressure from coronavirus controls and a real estate slump, but is slowly reviving after restrictions that kept millions at home.
Growth in the world’s second-largest economy fell to 2.9 percent in December from 3.9 percent last month, government data showed on Tuesday.
Forecasters say activity is starting to resume, but cautious consumers are only slowly returning to shopping malls and restaurants, while COVID-19 infections surge. The government says it appears the peak of that wave has passed.
Last year’s expansion was less than half of 2021’s 8.1 per cent growth.
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