Bloomberg Business

China’s gross domestic product exceeded than 120 trillion yuan ($17.4 trillion) this year, President Xi Jinping said, suggesting the economy grew at least 4.4% in 2022.

China’s home sales continued to slump in December, underscoring the challenge to reverse the property downturn amid Covid outbreaks.

China’s Covid Zero policy may be ending, but the world’s second-largest economy is going to look worse before it gets better.

The Taiwanese government is planning to deploy NT$380 billion ($12.4 billion) of funds to support the local economy and combat inflation amid global uncertainties, the presidential office said on Saturday.

A parade of cargo-friendly and affordable electric cars are coming next year, though it will still be tough to buy one.

For European bond traders, 2022 was the year the playbook that served them so well during the past decade was ripped to pieces.

China’s abrupt reversal of its Covid Zero policy pushed economic activity — its service sector in particular — to the slowest pace since February 2020, as the virus swept through major cities and prompted people to stay home and businesses to shut.

European Central Bank President Christine Lagarde indicated borrowing costs will increase again, saying this is required to temper soaring consumer-price growth.

Soaring prices and a wave of strikes are weighing Britons down as residents of the UK capital prepare for what promises to be a muted New Year’s Eve for many.