January 30, 2023 | Report
We expect the Chinese economy to rebound this year and forecast an annual growth rate of 5.1 percent. China’s exit from zero-COVID is the key facilitator behind this rebound, with high-frequency data (e.g., traffic and human mobility) suggesting that domestic demand has started recovering. This also allowed for a release of pent-up demand during the Spring Festival holidays at the end of January.
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