Observers expect 120 trillion economic clout for China this year

19.12.2022

China's economic output is likely to exceed 120 trillion yuan ($17.2 trillion) this year, state media quoted a senior Chinese Communist Party official as saying on Saturday.

COVID-induced disruptions, weaker demand at home and abroad, and a property downturn have brought headwinds to the world's second-largest economy this year.

"There is a...