The World Bank's newly released China Economic Updates - December 2022 points out that after an uneven growth performance this year, China’s economy is projected to recover in 2023. Activity in China has followed the ups and downs of the pandemic—outbreaks and economic slowdowns have been followed by uneven recoveries. Despite policy support, real GDP growth is expected to slow to 2.7 percent in 2022, before recovering to 4.3 percent in 2023 amid a reopening of the economy.
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