China’s economy to see independent upward trajectory in 2023

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While the world’s growth will likely weaken significantly in 2023, the Chinese economy is expected to see an independent upward trajectory with an overall recovery, a senior official said.

The official of the office of the Central Committee for Financial and Economic Affairs made the remarks after last week’s tone-setting Central Economic Work Conference.

The bright prospect can be attributed to the optimized epidemic response, effective pro-growth policies, and a low base this year.

China’s improved COVID-19 response will exert a major positive influence on the economy, the official said, predicting a faster recovery in the first half of 2023, especially the second quarter.— Xinhua