Expert predicts China's economy will grow by 5.3% in 2023

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The world is facing a difficult 2023 as growth slows in most developed economies. As for China, it will also face some challenges in the short term posted by the relaxed COVID-19 rules. But in the longer run, Guan Tao, global chief economist at BOC International (China), said the pent-up demand will be unleashed in China, leading to a strong rebound in consumption this year.