The latest data on China’s economy isn’t good at all
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Fresh economic data from the Chinese government paints a picture of a rapidly slowing and aging economy. The world’s second-largest economy reported just 3 percent GDP growth in the fourth quarter, a number that’s the lowest in decades besides the first year of the pandemic. This, was all during the same week that the country reported its first population decline since the mid-20th century. And, this week’s World Economic Forum summit in Davos, Switzerland is underway and tackling global issues in an age of increasing fractiousness among world powers.
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