Economists express optimism over economy

Uptick in demand: Workers at an assembly line manufacturing Zeekr X models in Chengdu, Sichuan province. China’s manufacturing industry has been moving up the value chain, accounting for around 30% of the global total. — Reuters

BEIJING: Several chief China economists of foreign banks have expressed their confidence in the Chinese economy, which posted a robust 5.2% year-on-year (y-o-y) growth in 2023, recent interviews with Xinhua reveals.

China’s National Bureau of Statistics (NBS) disclosed the full-year performance of its major economic indicators for 2023, with the gross domestic product (GDP) hitting a record 126.06 trillion yuan (US$17.7 trillion).