China GDP: ‘double-dip’ saw US economic gap widen last year after second-lowest growth since 1976

• China’s economy grew by 2.9 per cent in the fourth quarter of last year, meaning gross domestic product for 2022 grew by 3 per cent to 121 trillion yuan (US$18 trillion)
• Goldman Sachs said in December that China could overtake the US as the world’s largest economy by around 2035, although the gap likely widened last year