China Economic Update, June 2023

• Ngôn ngữ: eng
• Ký hiệu phân loại: 951.1 *China and adjacent areas
• Thông tin xuất bản: Washington, DC: World Bank Group, 2023
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 307676
• Chủ đề: 1. CARBON-NEUTRAL; 2. ECONOMIC GROWTH; 3. HOUSEHOLD INCOMES; 4. LABOR MARKET; 5. PRIVATE INVESTMENT

Tóm tắt

 Economic activity bounced back in Q1 2023 with the removal of mobility restrictions and a surge in spending on services. However, growth momentum has slowed since April, indicating that China's recovery remains fragile and dependent on policy support. China's GDP growth is projected to rise to a 5.6 percent in 2023, led by a rebound in consumer spending. The economic recovery offers an important opportunity for policymakers to refocus their efforts on achieving China's longer-term development objectives. Structural reforms remain crucial to solidify the recovery and achieve the longer-term goals to (i) become a high-income country by 2035 through productivity-led and environmentally sustainable growth
  (ii) peak carbon emissions before 2030 and become carbon-neutral by 2060
  and (iii) share the gains from economic growth more equally among the population.