China's economic activity rebounded in 2023: IMF
2024-03-03 09:11:49 source：CGTN
March 3, 2024
China's economic activity rebounded in 2023 following the post-COVID reopening with real GDP estimated to have grown broadly in line with the authorities' growth target of around 5 percent, the executive board of the International Monetary Fund (IMF) has said.
The IMF made the statement in a recent press release after concluding its annual Article IV review of the Chinese economy.
According to the statement published on the IMF website, the recovery was driven by domestic demand, particularly private consumption, and assisted by supportive macroeconomic policies, including the further relaxation of monetary policy, tax relief for firms and households, and fiscal spending on disaster relief.
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