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BEIJING Chinas economic growth in 2022 slumped to one of its worst levels in nearly half a century as the fourth quarter was hit hard by stringent Covid-19 curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.

The quarterly growth and some of the December indicators such as retail sales beat market expectations, but analysts noted that the overall economic impulse across China remained weak and highlighted the challenges facing Beijing after it abruptly dropped its zero-Covid policy last month.

Gross domestic product (GDP) grew 2.9 per cent in the October-to-December period from a year earlier, data from the National Bureau of Statistics (NBS) showed on Tuesday, slower than the third quarters 3.9 per cent pace. The rate still exceeded the second quarters 0.4 per cent expansion and market expectations of a 1.8 per cent gain.

Beijings sudden relaxation of stringent anti-virus measures has boosted expectations of an economic revival this year, but it has also led to a sharp rise in Covid-19 cases that economists say might hamper near-term growth. A property slump and weak global demand also mean a rebound in growth will be heavily reliant on shell-shocked consumers.

Chinas 2023 will be bumpy; not only will it have to navigate the threat of new Covid-19 waves, but the countrys worsening residential property market and weak global demand for its exports will also be significant brakes, Mr Harry Murphy Cruise, an economist at Moodys Analytics, said in a note.

For 2022, GDP expanded 3 per cent, badly missing the official target of around 5.5 per cent and braking sharply from the 8.4 per cent growth in 2021. Excluding the 2.2 per cent expansion after the initial Covid-19 wave hit in 2020, it is the worst showing since 1976 the final year of the decade-long Cultural Revolution that wrecked the economy.

Asian shares dropped after the Chinese data, while the renminbi skidded to a one-week low.

Activity data in December surprised broadly to the upside but remains weak, particularly across demand-side segments such as retail spending, Ms Louise Loo, a senior economist at Oxford Economics, said in a note.

(The) data so far supports our long-held view that Chinas reopening boost will be somewhat anaemic at the beginning, with consumer spending being a key laggard in the initial stages.

A Reuters poll forecast growth to rebound to 4.9 per cent in 2023 as Chinese leaders move to tackle some key drags on growth the zero-Covid policy and a severe property sector downturn. Most economists expect growth to pick up in the second quarter.

On a quarterly basis, GDP stalled, coming in at zero growth in the fourth quarter, compared with growth of 3.9 per cent in July to September, highlighting underlying weakness across many sectors.

Beijings lifting of Covid-19 curbs has seen businesses struggling with surging infections, suggesting a bumpy recovery in the near term.

The ongoing exit wave on the back of Chinas faster-than-expected reopening has taken a heavy toll on economic activity in recent months due to surging infections, a temporary labour shortage and supply chain disruptions, economists at Goldman Sachs said, noting the annual contractions in output of both steel products and cement in December.

Factory output grew 1.3 per cent in December from a year earlier, slowing from the 2.2 per cent rise in November, while retail sales, a key gauge of consumption, shrank 1.8 per cent last month, extending Novembers 5.9 per cent drop. More On This Topic Chinas population shrinks for first time in over 60 years Chinas boost for flagging world economy looms as reopening starts Chinas top leaders have pledged to prioritise consumption expansion to support domestic demand and the broad economy this year, at a time when local exporters struggle in the wake of global recession risks. The central bank is also expected to steadily ease policy this year.

China is likely to aim for economic growth of at least 5 per cent in 2023 to keep a lid on unemployment, policy sources said.

Chinas property industry was among the biggest drags on growth. Investment in the sector fell 10 per cent year on year in 2022, the first decline since records began in 1999, and property sales slumped the most since 1992, NBS data showed, suggesting that government support measures were having minimal impact so far.

The authorities have rolled out a flurry of support policies targeting home buyers and property developers in recent weeks to relieve a long-running liquidity squeeze that has hit developers and delayed the completion of many housing projects.

Adding to the challenges facing the economy and the government, Chinas population in 2022 fell for the first time since 1961, the NBS data showed, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers and see India become the worlds most populous nation in 2023.

The population will likely trend down from here in the coming years. This is very important, with implications for potential growth and domestic demand, said Pinpoint Asset Management chief economist Zhang Zhiwei.

Going forward, demographics will be a headwind. Economic growth will have to depend more on productivity growth, which is driven by government policies. REUTERS More On This Topic China exports and imports tumble sharply in December, cloud 2023 growth outlook Xis plan to reset Chinas economy and win back friends

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Counter-terrorism police investigating after two women injured in Leeds

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Counter-terrorism police investigating after two women injured in Leeds

Counter-terrorism police are investigating after an incident involving a crossbow and a firearm left two women injured in Leeds.

Police were called to Otley Road at 2.47pm on Saturday to reports of a “serious incident involving a man seen with weapons”, West Yorkshire Police said.

Officers arrived at the scene to find two women injured – and a 38-year-old man with a self-inflicted injury. All three were taken to hospital, with the man held under arrest, but their injuries are not believed to be life-threatening.

“Two weapons have been recovered from the scene, which were a crossbow and a firearm,” Counter Terrorism Policing North East said in a statement.

The incident happened on the ‘Otley Run’ pub crawl, with one venue saying it was closed for the evening due to “unforeseen circumstances”.

Officers guard one of the crime scenes in Leeds
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Officers guard one of the crime scenes

Officers inside the cordon in Leeds
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Officers inside the cordon in Leeds

Counter Terrorism Policing’s statement added: “Due to the circumstances surrounding the incident, Counter Terrorism Policing North East have taken responsibility for leading the investigation with the support of West Yorkshire Police.

“Extensive enquiries continue to establish the full circumstances and explore any potential motivation.”

Home Secretary Yvette Cooper described it as a “serious violent incident” and said she was being kept updated by police.

“Thank you to the police and emergency services for their swift response,” she said. “My thoughts are with the victims and all those affected by this attack.”

This breaking news story is being updated and more details will be published shortly.

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Wrexham promoted for third season in a row under Ryan Reynolds and Rob McElhenney

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Wrexham promoted for third season in a row under Ryan Reynolds and Rob McElhenney

Wrexham AFC have been promoted for the third season in a row.

The North Wales-based side has gone from the National League to the Championship in just three seasons, under its Hollywood owners Ryan Reynolds and Rob McElhenney.

Wrexham were second in the table and had a run of eight games unbeaten ahead of their match against Charlton Athletic on Saturday, which they won 3-0.

Wrexham's James McClean lifts the trophy after the Sky Bet League One match at SToK Racecourse, Wrexham. Picture date: Saturday April 26, 2025.
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Wrexham’s James McClean lifts the League One trophy. Pic: PA

Wrexham's Dan Scarr celebrates with the fans on the pitch after Wrexham won promotion to the Sky Bet Championship after the Sky Bet League One match at SToK Racecourse, Wrexham. Picture date: Saturday April 26, 2025. PA Photo. See PA story SOCCER Wrexham. Photo credit should read: Martin Rickett/PA Wire...RESTRICTIONS: EDITORIAL USE ONLY No use with unauthorised audio, video, data, fixture lists, club/league logos or "live" services. Online in-match use limited to 120 images, no video emulation. No use in betting, games or single club/league/player publications.
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Wrexham’s Dan Scarr celebrates with the fans on the pitch after Wrexham won promotion to the Championship. Pic: PA

It is the first time any club has been promoted for three consecutive seasons within the top five tiers of English football.

The third oldest association football club in the world, Wrexham AFC was bought by Reynolds and McElhenney in 2020, and has since been the subject of a Disney+ documentary, Welcome To Wrexham.

Reynolds, wearing a Wrexham sweatshirt, and McElhenney were pictured celebrating each goal, and after the game, as the fans came onto the pitch at the SToK Cae Ras (Racecourse Ground) to celebrate the victory with the players.

Wrexham co-owners Rob McElhenney (left) and Ryan Reynolds (right) and Ryan's wife Blake Lively before the Sky Bet League One match at SToK Racecourse, Wrexham. Picture date: Saturday April 26, 2025.
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Wrexham co-owners Rob McElhenney (L) and Ryan Reynolds and Ryan’s wife Blake Lively, before the match. Pic: PA

Both stars came onto the pitch after the supporters returned to the stands.

More on Ryan Reynolds

Speaking to Sky Sports, McElhenney praised those behind the scenes, referring to “so many that don’t get the credit they deserve, people who aren’t talked about”.

Reynolds said bringing success back to the club “seemed like an impossible dream” when they arrived in North Wales in 2020.

Wrexham's Sam Smith celebrates in front of the fans on the pitch after Wrexham won promotion to the Sky Bet Championship after the Sky Bet League One match at SToK Racecourse, Wrexham. Picture date: Saturday April 26, 2025. PA Photo. See PA story SOCCER Wrexham. Photo credit should read: Martin Rickett/PA Wire...RESTRICTIONS: EDITORIAL USE ONLY No use with unauthorised audio, video, data, fixture lists, club/league logos or "live" services. Online in-match use limited to 120 images, no video emulation. No use in betting, games or single club/league/player publications.
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Wrexham’s Sam Smith celebrates in front of the fans after Wrexham won promotion to the Championship. Pic: PA

He put the three promotions down to “the coaching staff, the greatest dressing room” and an “all for one, one for all” attitude throughout the club, adding he was “speechless with their commitment and their emotion”.

As for the mouth-watering prospect of another promotion to the promised land of the Premier League, the pair agreed it was “for tomorrow”, before ending the interview with a joint mic-drop.

Veteran striker Steven Fletcher said, “as soon as I came to this club, I knew it was something special. We want to go again. We’ll reset in the summer, take a break and go again”.

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Direct action group Just Stop Oil holds final protest, claiming it has been ‘successful’

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Direct action group Just Stop Oil holds final protest, claiming it has been 'successful'

“It has been a success.”

Just Stop Oil (JSO) insists it’s been “successful” – as its members ceremoniously hang up their orange high-vis vests during a march in central London.

Since the group formed three years ago, it’s drawn attention and criticism for its colourful, controversial protests, which ranged from disrupting sporting events to throwing soup on Vincent van Gogh’s Sunflowers, and climbing on gantries over the M25. It sprayed orange paint over Stonehenge, and cost police forces tens of millions of pounds.

Those days are now behind it; to the relief of many.

Read more
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Activists target grave of Charles Darwin
77 year old JSO activist recalled to prison

As a few hundred activists marched through London on Saturday, blocking roads as they went; taxi drivers blared their horns and football fans shouted abuse from the pavement.

The PA News Agency filmed the moment a white minivan seemed to drive towards a group of protesters blocking the road.

Protesters shouted “I’m being pushed back!” to police, while the driver could be heard shouting “What about my right to get home?” to the officers gathered.

But JSO never set out to be popular. And it believes its tactics – though hated – have been successful; thanks to the new Labour government’s commitment to not issue new oil or gas exploration licences.

That’s why, it says, its ceasing direct action.

JSO hangs up its high vis jackets in central London on Saturday
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JSO hangs up its high-vis jackets in central London on Saturday

A washing line of high-vis jackets signifies JSO's disbanding
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A washing line of high-vis jackets signifies JSO’s disbanding

“This moment marks the success of the JSO campaign – our demand was to end new oil and gas licences and that is now government policy.

“As a result of which four billion barrels of oil are being kept under the North Sea. The campaign has reached a natural end.”

Dr Oscar Berglund, senior lecturer in international public and social policy, disagrees that JSO is disappearing because it’s been “successful”.

He told Sky News policing strength and public perception might have more to do with it.

“They have very low levels of popularity. About 17% of the British population are kind of broadly supportive of what Just Stop Oil do. And that’s too low to recruit.

“It’s difficult to recruit members to something that is that unpopular, and then that a lot of people for good reason I think have kind of stopped believing in that kind of disruption as a means to achieve meaningful change.”

Group triggers specific new protest laws

One thing it did change is the law.

Policing commentator Graham Wettone tells us: “Obstruction of the highway, obstruction of rail networks for example, these are specific offences now.

“It’s given the police more tactics, more methods, more offences they can consider, even stopping and searching somebody who may have something to either lock themselves on or glue themselves to something.”

A JSO activist holds a picture of an imprisoned colleague
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A JSO activist holds a picture of an imprisoned colleague

Emma Smart was held in prison for her activism with both Insulate Britain and Just Stop Oil.

“The high-vis might be going away,” she tells me, “but we aren’t.”

“These people aren’t going anywhere, we are still committed, dedicated, terrified by the failings of this government and governments around the world.”

JSO activists throw orange paint at van Gogh's sunflowers
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JSO activists throw orange paint at van Gogh’s sunflowers

Orange smoke set off by JSO protesters at Stonehenge
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Orange smoke set off by JSO protesters at Stonehenge

She hopes for a time of reflection before it returns in a new form but says the need for climate activism is stronger than ever.

She also believes that while most people dislike JSO tactics, it still raises awareness of the cause and might even push people to more moderate campaign groups.

Just Stop Oil came behind other, similarly controversial climate campaign groups like Insulate Britain and Extinction Rebellion, and as it says goodbye, its disruptive methods have been seized upon by other organisations like the Pro-Palestinian Youth Justice.

The infamous Just Stop Oil orange vests might be going away, but the individual activists, their cause and campaign tactics feel here to stay.

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