BEIJING, Jan 17 (Reuters) - China's industrial output grew at a modest 1.3% pace last month year-on-year, official data showed on Tuesday, easing from a 2.2% rise in November, as manufacturing activity was hit by the rampant spread of COVID infections that bound workers indoors.

HONG KONG, Jan 17 (Reuters) - Many Asia shares slipped on Tuesday after Beijing released weak fourth-quarter economic data, although investors' expectations for a strong China rebound remained high even as the global economy edges closer to recession.

BEIJING, Jan 17 (Reuters) - China's economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent COVID curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.

MELBOURNE, Jan 17 (Reuters) - Oil prices fell in early trade on Tuesday as recession fears dominated headlines out of the World Economic Forum's meeting in Davos, draining optimism that stoked the market last week on prospects of a fuel demand recovery in top oil importer China.

BEIJING, Jan 17 (Reuters) - China's economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating expectations but still underlining the toll exacted by a stringent "zero-COVID" policy.

A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report.