China: 3.0% Growth in 2022

Quarterly Chinese real GDP stalled, coming in at 0.0% in the fourth quarter. Year‑over‑year real GDP growth was 2.9% in Q4, following a 3.9% gain in Q3. China’s real GDP grew 3.0% in 2022 after rising 8.4% in 2021. Industrial production rose 1.3% year‑over‑year in December, down from 2.2% in November and 5.0% in October. Retail sales declined for the third consecutive month in December, shedding 1.8% on an annual basis.