ng costs early in 2023, as the economy continues to struggle after a likely slowdown in fourth quarter GDP amid a nationwide surge in Covid infections.The central bank will play a role in boosting consumption and assisting ailing private property developers by lowering credit costs.
Growth may have bottomed in December as infection numbers peaked in major cities and stimulus measures were deployed.China’s six cities set GDP growth targets from 5.5% to 7.0% for 2023 – Securities Daily If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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