China's economy grew by 8.1% last year

China's pandemic-defying economic growth slowed in the final months of 2021, official data showed in a worrying signal for the global economy as Beijing's central bank cut a key interest rate.

China has been grappling with a spate of recent virus outbreaks, a property market slump and a series of far-reaching regulatory crackdowns on some sectors. But strict border measures and targeted lockdowns to fight domestic clusters have dragged on the economy.

Source: Financial Digest (financialdigest.net)

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