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Economy Will Rebound In 2023 - NDRC Deputy Director

CHINA PRESS

China’s difficulties in 2022 were greater than anticipated but the economy will rebound in 2023, according to Zhao Chenxin, Deputy Director of the National Development and Reform Commission (NDRC). Zhao said the NDRC will support projects linked to local government bonds, and will accelerate the release of special loans for equipment renewal and promote growth in manufacturing. Foreign investment should be encouraged, and the catalogue of accessible industries should be revised. Private enterprise and investment will be supported and guided to participate in national development strategies. Zhao’s comments were reported in an article by the 21st Century Business Herald.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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