China's economy grows 3% in 2022, second-lowest in nearly 50 years
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China's economy in 2022 grew at the second slowest rate in nearly 50 years, raising concerns about the impact of the downturn on the global market, AFP reported. According to official data, the country's economic growth rate in 2022 was 3.0%. Experts attribute the trend to lower exports amid a reduction in worldwide demand as well as strict COVID-19 restrictions that impeded economic activity.
