Jan 17, 2023 09:10 PM

Liu He Says China’s Economy Will Get Back to Normal in 2023

(Switzerland) — China’s economy is set to improve and is highly likely to reach a normal growth rate in 2023, Vice Premier Liu He said Tuesday at the World Economic Forum (WEF) in Davos, Switzerland.

The country’s imports are expected to increase significantly this year, Liu said in a special address at the annual meeting, adding that corporate investment will rise and household consumption will return to normal.

China’s GDP grew 3% in 2022, official data showed the same day, missing the government’s “around 5.5%” target, as stringent pandemic control measures in line with the country’s now-aborted “zero-Covid” strategy slowed economic activity for months. The economy has also been plagued by an ongoing real estate slump.

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