Looking good: Employees at an assembly line producing speakers in Fuyang city, Anhui province. Nomura Securities has upgraded its forecast for China’s 2023 annual GDP growth to 4.8%, up from its previous forecast of 4%. — AFP
FOREIGN financial institutions have raised their forecasts for China’s gross domestic product (GDP) growth in 2023, based on an anticipated rebound in business activity next year and the accelerated optimisation of epidemic control measures.
The outlook was further consolidated by the positive messages and supportive policies released at last week’s central economic work conference, which decided China’s economic priorities in 2023.
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