The Road Back to Growth in China
Barring a “black swan” event, China can achieve 6% GDP growth this year, thereby ending a 12-year slowdown. The key ingredient must be carefully planned and prudently funded infrastructure investment.
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BEIJING – According to China’s National Bureau of Statistics, the economy grew by 4.5% year on year in the first quarter of 2023. While that hardly matches the robust growth of the pre-pandemic period, it did exceed market expectations. And with the right policies, China can do even better.