China’s economy to see independent upward trajectory in 2023


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