Although it will face continued global uncertainty, high global inflation and a slowdown in the world economy and trade, China’s economy has signaled a rebound as pressure from contraction of demand, supply shocks and weakening expectations eases, a report released during the China Development Forum 2023 read. Themed Economic Recovery: Opportunities and Cooperation this year, the annual event, which took place offline again for the first time since the onset of COVID-19 in 2020, gathered political bigwigs, business magnates, experts and scholars from the world over in Beijing on March 25-27. The forum came as China seeks to revive its economy after adjusting its pandemic control policy in late 2022.
The International Monetary Fund has raised its projection for China’s economic growth in 2023 to 5.2 percent. “For the world economy, however, spring is yet to come,” Kristalina Georgieva, the fund’s Managing Director, said
