According to the prime minister, China's economy is expected to have grown by around 5.2% in 2023

Prime Minister Li Qiang speaks at the World Economic Forum in Davos, Switzerland, on Tuesday. Photo: Li Xin/Caixin

(Davos, Switzerland) – China's economy is expected to have grown 5.2% in 2023, Prime Minister Li Qiang said on Tuesday in a speech at the World Economic Forum in Davos, Switzerland, exceeding the government's target of “around 20%” set in March 5%”.

Li's estimate is broadly in line with the average pace of 5.3% in a Caixin survey of economists and compares with the 3% expansion reported for 2022, marking the second-lowest growth rate in more than four decades as “zero.” -Covid” strategy. The regulation, which existed almost all year round, slowed down economic activity.

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