27 Dec China’s policymakers have a New Year resolution to bring the economy back on track
Synopsis
The impact of stringent controls to contain Covid-19 and a slump in the property market have resulted in sluggish growth in the Chinese economy. It is in the upcoming annual Central Economic Work Conference (CEWC) that policies will be drafted to put it back on track. Boosting the recovery, expansion of consumption and supporting private businesses will be the priorities.
Yu Hairong and Zhang Yukun Getting the Chinese economy back on track is the government’s main priority for 2023 after three years of sluggish growth caused by the impact of stringent controls to contain Covid-19 and a slump in the property market. Leading officials and policymakers held their annual Central Economic Work Conference (CEWC) on Thursday and Friday to set policy priorities for 2023. They agreed to stabilize growth and expand
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