China's economy set to return to steady growth

Export-bound cars await loading at Lianyungang Port, Jiangsu province. - Photo by Wang Chun for China Daily

THE Chinese economy is expected to rebound and return to steady growth this year, with more jobs created on the back of expanding consumption and a recovering real estate sector, a senior political advisor said.

Ning Jizhe, vice-chairman of the Economic Affairs Committee of the National Committee of the Chinese People's Political Consultative Conference, and also a political advisor, made the remarks right before the first session of the 14th National People's Congress on Sunday, when the Chinese government set a modest target of "around 5 percent" for 2023 economic growth.