China fourth-quarter growth slows to 4.5%, weakest in nearly three years as consumption misses forecasts

From cnbc.com

China’s economic growth slowed to its weakest pace in nearly three years in the fourth quarter as domestic demand softened, though full-year growth matched Beijing’s target despite growing trade frictions with the U.S. and a prolonged real estate slump. Gross domestic product grew 4.5% in the October-to-December period, data from the National Statistics Bureau showed Monday. That marked a slowdown from 4.8% in the third quarter and was the weakest reading since the first quarter of 2023, when growth also came in at 4.5%. Full-year economic output came in at 5%, meeting the official target of around 5%. Separate ... (full story)