BEIJING: China's economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes, analysts said ahead of Tuesday's (Jan 17)
is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes, analysts said ahead of Tuesday's gross domestic product announcement.
It could also be China's slowest pace since a 1.6 contraction in 1976 - the year Mao Zedong died - and excluding 2020, after the COVID-19 virus emerged in Wuhan in late 2019. This is likely to reflect in 2022's fourth-quarter growth, which will also be announced on Tuesday alongside a series of other indicators such as retail, industrial production and employment.
"The three horse carriages of the Chinese economy are all facing a relatively evident downward pressure in the fourth quarter," Zhang said.
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