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Q1 Data Indicates 5.5-8% Yearly Growth - Analysts


China’s GDP will grow between 5.5-8.0% in 2023 should Q1 trends continue, according to the 21st Century Business Herald. Local analysts said the economy shows strength, but the rebound is uneven. The economy needs policy support to boost private investment, which lags behind consumption and total aggregate demand remains insufficient, the Herald said. Recent data suggests exports will grow between 0-5% this year, with analysts unsure if March’s strong export data can be sustained. The government should prioritise youth employment and boosting income levels to ensure a sustained increase in aggregate demand, the Herald added.

MNI Beijing Bureau |
MNI Beijing Bureau |

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