Publication:
China Economic Update, June 2023: Sustaining Growth through the Recovery and Beyond

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-06-30T13:25:59Z
dc.date.available2023-06-30T13:25:59Z
dc.date.issued2023-06-30
dc.description.abstractEconomic activity bounced back in Q1 2023 with the removal of mobility restrictions and a surge in spending on services. However, growth momentum has slowed since April, indicating that China’s recovery remains fragile and dependent on policy support. China’s GDP growth is projected to rise to a 5.6 percent in 2023, led by a rebound in consumer spending. The economic recovery offers an important opportunity for policymakers to refocus their efforts on achieving China’s longer-term development objectives. Structural reforms remain crucial to solidify the recovery and achieve the longer-term goals to (i) become a high-income country by 2035 through productivity-led and environmentally sustainable growth; (ii) peak carbon emissions before 2030 and become carbon-neutral by 2060; and (iii) share the gains from economic growth more equally among the population.en
dc.identifierhttp://documents.worldbank.org/curated/en/099062923222051952/P1757970f276d701709ca10418b1d70949d
dc.identifier.doi10.1596/39947
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39947
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank Group
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectLABOR MARKET
dc.subjectHOUSEHOLD INCOMES
dc.subjectPRIVATE INVESTMENT
dc.subjectCARBON-NEUTRAL
dc.subjectFISCAL POLICY
dc.titleChina Economic Update, June 2023en
dc.title.subtitleSustaining Growth through the Recovery and Beyonden
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleChina Economic Update, June 2023: Sustaining Growth through the Recovery and Beyond
okr.date.disclosure2023-06-30
okr.date.lastmodified2023-06-30T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099062923222051952/P1757970f276d701709ca10418b1d70949d
okr.guid099062923222051952
okr.guid099062923224032728
okr.identifier.docmidP175797-f276d751-98fd-4e17-9ca1-418b1d70949d
okr.identifier.doihttp://dx.doi.org/10.1596/39947
okr.identifier.externaldocumentum34108123
okr.identifier.internaldocumentum34108123
okr.identifier.report183583
okr.import.id979
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099062923222051952/pdf/P1757970f276d701709ca10418b1d70949d.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.sectorCentral Government (Central Agencies),Trade
okr.themeMacroeconomic & Structural Policy Modelling,Job Creation,ICT,Economic Policy,ICT Solutions,Trade Policy,Economic Growth and Planning,Private Sector Development,Job Quality,Jobs,Trade
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Inflation
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicFinance and Financial Sector Development::Housing Finance
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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