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China leading engine for global economy
chinadaily.com.cn Updated: Jan 31, 2023
Given the backdrop of the three-year-long fight against COVID-19, China has achieved an annual growth rate at 4.5 percent from 2020 to 2022, outpacing the world average of 1.8 percent.
The country's consumer price index, the main gauge of inflation, remained at 1.8 percent in average over the past three years, lower than expectation and far less than that of the major economies around the world which were confronted with historical heights of inflation.
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