December 19, 2022

While global growth will likely weaken significantly in 2023, China's economy is expected to bounce back and improve, a senior official said, according to Xinhua News.

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.

Next year's bright prospects can be attributed to the optimized epidemic response, effective pro-growth policies, and this year's low baseline.

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