Insight
China economic focus January 2023: reopening and recovery
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 12 images and tables including:
- 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:
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