Cautious optimism for China’s steady recovery

FOLLOWING a 3 per cent growth in 2022, China’s gross domestic product (GDP) is expected to grow by 5.2 per cent in 2023, while also producing a quarter of the globe’s 2023 growth. The recently released IMF Article IV Consultation relayed that the Chinese authorities are optimistic about a steady recovery in 2023, see significant potential for higher growth in the medium and long term, and agree that real estate market risks had increased, while noting that they are manageable overall.


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