China's Economy Faces Challenges as Growth Rate Slows

📉China's GDP grew by 5.2% last year, surpassing modest target of 5% growth.

🏘️Troubled property sector, which traditionally makes up about a quarter of China's GDP, is a major drag on the economy.

🛍️Weak domestic demand reflected in declining retail sales, growing by 7.4% in December compared to 10.1% the previous month.

👨‍👩‍👧‍👦China's population continues to decline, with a record low birth rate and a wave of COVID-19 deaths after strict lockdowns.

🌐China faces challenges in attracting foreign capital and diversifying supply chains away from the country.

What was China's GDP growth rate last year?

—China's GDP grew by 5.2% last year, surpassing the target of around 5% growth.

What is the biggest drag on China's economy?

—The troubled property sector, which traditionally contributes about a quarter of China's GDP, is the biggest drag on the economy.

How is domestic demand affecting China's economy?

—Weak domestic demand is reflected in declining retail sales, growing by 7.4% in December compared to 10.1% the previous month.

Is China's population increasing or decreasing?

—China's population is decreasing, experiencing a record low birth rate and a wave of COVID-19 deaths after strict lockdowns.

What challenges is China facing in terms of foreign capital and supply chains?

—China is facing challenges in attracting foreign capital and some firms are looking to diversify their supply chains away from the country.

00:00China's economy experiences slow growth rate of 5.2%, facing challenges in recovery.

00:20China's GDP grew by 5.2% last year, surpassing modest target of 5% growth.

01:11Troubled property sector, which traditionally makes up about a quarter of China's GDP, is a major drag on the economy.

01:19Weak domestic demand reflected in declining retail sales, growing by 7.4% in December.

02:46China's population continues to decline, with a record low birth rate and a wave of COVID-19 deaths after strict lockdowns.

03:13China is facing challenges in attracting foreign capital and diversifying supply chains away from the country.

03:33China's population is decreasing, experiencing a record low birth rate and a wave of COVID-19 deaths after strict lockdowns.

05:53China's GDP grew by 5.2% last year, surpassing the target of around 5% growth.