The Asian Development Bank has raised its China's 2023 growth forecast to 5.2% from previous projection of 4.9%
- maintains its 2024 growth forecast at 4.5%
From the ADB's December outlook released today.
On China, citing:
- continued postpandemic recovery
- strength in services helping counter the slump in property
- policy makers rolling out measures to bolster the economy
ps, news crossing that China's automobile exports in 2023 over 5 million units,highest ever
