The "2023 Asian Development Outlook (April Edition)" released by the Asian Development Bank on the 4th shows that with the optimization and adjustment of epidemic prevention and control measures, residents' consumption demand is gradually rebounding, and it is expected that China's economic growth rate will increase to 5% in 2023. After experiencing the difficulties of the epidemic, we have finally ushered in a new spring, "said Safar Parvez, Chief Representative of the Asian Development Bank in China. The recovery of the Chinese economy is not only related to China itself, but also very important for the growth of the Asia Pacific and even the global economy. Due to the slowdown in global economic growth, the Asian Development Bank lowered its growth forecast for the Chinese economy in 2023 in its "2022 Asian Development Outlook" released in December last year. This forecast is more optimistic than last time, "said Safar Parvez. On the one hand, signs of economic recovery can be seen from the performance of the Chinese economy in the first two months. On the other hand, the Chinese government has proposed a series of measures to promote the recovery and expansion of consumption, boost domestic demand, and coordinate fiscal and monetary policies, which is expected to further boost the Chinese economy. The recovery and opening-up of the Chinese economy provide a driving force for economic growth in the Asia Pacific region, "said Jingzi Hagihara, Director of the Economic Planning and Strategic Research Department of the Asian Development Bank's representative office in China. It is expected that the growth rate of economies in the Asia Pacific region will reach 4.8% this year and next, higher than the 4.2% growth rate in 2022. (New News Agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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