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China's economy has survived the most difficult period: official

2022-12-26 10:10:47       source:CGTN

December 25, 2022

China's economy has survived the most difficult period and an overall improvement is expected in 2023, an official said at a forum on Saturday.

There are three unexpected factors that have negatively affected China's economy in 2022, namely COVID-19 flare-ups, geopolitical tensions, and the U.S.' overly aggressive monetary tightening, Yin Yanlin, deputy director of the General Office of the Central Financial and Economic Affairs Commission, said at the China Wealth Management 50 Forum in Beijing.

However, Yin noted that China should have full confidence in the overall improvement in 2023 despite an uncertain environment, as there will be more favorable factors for economic recovery.

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