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China's economy expected to revive, further boosting global economy in 2023

2022-12-19 09:06:05       source:CGTN

December 18, 2022

With the ease of COVID-19 containment measures, and given the resilience and potential of its economy, analysts believe China's economy will revive next year and continue to be a reliable and important driving force of the global economy in 2023.

"Despite global macroeconomic headwinds and the impact of the pandemic, China's economic performance in 2022 was very commendable," Lawrence Loh, Director of Center for Governance and Sustainability at the National University of Singapore Business School told China Media Group (CMG).

The good expectation is further fortified by the annual Central Economic Work Conference in Beijing ended on Friday with principles for next year's economic development set and priorities for next year's economic work arranged, including expanding domestic demand, accelerating the construction of the modern industrial system, consolidating public sector and supporting private business, attracting more foreign investment, as well as preventing major economic and financial risks.

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