China 2022 GDP growth slows to 3.0%

China's economy expanded 3 percent in 2022, much lower than Beijing's 5.5 percent target.

The government announced real gross domestic product figures Tuesday.

Year-on-year growth in the world's second-largest economy was the slowest since 2020, when the impact of the coronavirus pandemic first spread.

China's zero coronavirus policy in 2022 damped economic activity by restricting people's movements.
GDP grew 2.9 percent year-on-year in the fourth quarter.