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China's economy marks 5.2% growth in 2023, Premier Li reports

China's economy expanded by 5.2% in 2023, slightly surpassing government projections, stated Premier Li Qiang at Davos. Although an improvement from 2022's 3%, it's among the slowest rates in decades, barring pandemic years. Addressing challenges like a housing crisis and aging demographics, Li highlighted China's potential, citing a robust middle-class, consumption patterns, and infrastructure investment prospects. He assured of fostering a conducive climate for foreign investments amidst global scrutiny.

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