Provinces eye initiatives to spur GDP this year

Guangdong province will step up efforts to meet the annual target of gross domestic product (GDP) growth above 5%, including speeding up the implementation of projects mapped out by the 14th Five-Year Plan (2021-2025) and boosting private sector investment. — China Daily

SHANGHAI: Several provincial-level governments have announced incentive measures, including fostering high-quality development and optimising the business environment, to encourage growth this year and spur recovery from the impact of Covid-19.

Experts said the actions show many governments are taking a more pro-growth stance, which will give a strong boost to the economy in 2023.