China’s GDP growth to pick up in 2023, but pace hinges on reopening

CHINA has had a very challenging 2022, but market watchers expect the country’s gross domestic product (GDP) growth could accelerate to as much as 5 per cent next year on the back of an exit from its zero-Covid protocols.

China’s real GDP is on track to grow 3 per cent this year, significantly lower than its growth target of around 5.5 per cent, as the emergence of the more transmissible Omicron variant challenges Beijing’s zero-Covid policy.

The strict two-month lockdo…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL