China misses fourth-quarter GDP estimates, resumes post youth unemployment data
Construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023.
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BEIJING — China missed fourth-quarter GDP estimates on Wednesday, while it resumed reporting the unemployment rate for young people.
GDP for the last three months of 2023 rose by 5.2%, according to China’s National Bureau of Statistics. That’s below the 5.3% growth forecast in a Reuters poll.
GDP growth for the full year was also 5.2%, compared with a 3% increase in 2022.
“Macro data from 2023 shows China’s economy is going through a transition to a new
