Tag Archives: sluggish

Official data shows GDP was 5.2 percent in 2023, hitting a government target, but recovery looks uneven. China’s economy grew by 5.2 percent in 2023, hitting the government’s official target, but concerns about growth momentum remain amid a protracted property crisis, sluggish consumer and business confidence, and weak global growth. …

Apple reports first drop in quarterly revenue since early 2019, as China’s zero-COVID policy disrupted iPhone production. Tech giants Apple and Google have reported lower-than-expected revenue and profits for the last three months of 2022, as online retail behemoth Amazon warned of uncertainty in the months ahead. Apple, the world’s …