PBOC adviser Wang Yiming
- expects that China's 2023 GDP growth is likely to be above 5% if the impact of COVID ends
- adds that growth will depend of the rollout of economic support measures
- support measures are needed to lift market confidence and consumption
- China has only limited room to lower interest rates
- Slower hikes from the Federal Reserve next year will allow more policy room for China
- The main problem in China's economy is a lack of financing
