Insight
China economic focus January 2023: reopening and recovery
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We expect China’s GDP to grow by 5.5% in 2023, supported by an earlier-than-expected reopening. Consumption will be the first to rebound, followed by the property sector. High levels of savings in 2022 will fuel pent-up demand. Restored consumer confidence will positively impact demand for goods and housing. However, infrastructure investment will slow with a shifted government focus to consumption and a higher government debt level.
Table of contents
- Highlights
- Full recovery will take a while
- Pent-up demand and restored confidence
- Reopening could save the property sector
- Rising government debt limiting infrastructure investment
- Appendix
Tables and charts
This report includes the following images and tables:
- Daily highway mobility index
- Weekly operated flights
- New household savings increased significantly in 2022
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- Industrial production and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus October 2025: outlook for the 15th Five-Year Plan
China faces challenges in the next five years to achieving its long-term 2025 growth target.
$1,150
Insight
China economic focus September 2025: What’s behind the investment downturn?
Anti-involution campaign hurts manufacturing investment.
$1,150
Market Report
China price tracker: energy storage winning bids analysis H1 2025
the winning bid price trends of energy storage systems and turnkey EPCs in China’s utility-scale and C&I energy storage market in H1 2025
$5,990
