Global economic growth has slowed, and emerging market and developing economies are feeling the pain amidst high global interest rates, says the World Bank.
China s economy grew 3 percent year on year to a record high of 121.0207 trillion yuan (about 18 trillion U.S. dollars) in 2022.In breakdown, China s industrial output went up 3.6 percent year on year in 2022, while fixed-asset investment rose 5.1 percent year on year. Retail sales contracted 0.2 percent year on year in 2022.