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Rebound certain amid stability, economic rebalancing, says expert

Publish Time

2023-03-31

China's economy is poised to rebound this year while ensuring stability, with greater efforts made to embrace economic rebalancing of domestic consumption, higher-end manufacturing and green projects, said a renowned economist.

"Despite a global slump, China's economy is forging ahead at a decent pace as new drivers of economic growth have emerged," said Zhu Min, vice-chairman of the China Center for International Economic Exchanges, at the Boao Forum for Asia's annual conference on Wednesday.

The country's economic growth model, hitherto dependent on investment, real estate and exports, is transitioning to one that will be propelled by domestic consumption, higher-end manufacturing and green projects, he said.

(From China Daily)