BEIJING : China's economic growth is likely to rebound to 4.9 per cent in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up support for the COVID-ravaged economy.Gross domestic product (GDP) likely grew just 2.8 per cent in 2022 as lockdowns weighed on activity and c
BEIJING : China's economic growth is likely to rebound to 4.9 per cent in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up support for the COVID-ravaged economy.
Strict COVID curbs were abruptly lifted in December, but surging infections are causing some near-term pains. GDP in the fourth quarter of 2022 likely grew 1.8 per cent from a year earlier as anti-virus restrictions intensified, the poll showed, slowing from the third-quarter's 3.9 per cent pace. At an agenda-setting meeting in December, top leaders pledged to focus on stabilising the $17-trillion economy in 2023 and step up policy adjustments to ensure key targets are hit.
On Dec. 20, the central bank kept benchmark lending rates unchanged for the fourth consecutive month, matching the forecasts of most market watchers who nevertheless expect further monetary easing to prop up the slowing economy.
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Review of political office holders’ salaries likely to take place in 2023: Chan Chun SingThe last committee to carry out the five-yearly review of political salaries was appointed in 2017. Read more at straitstimes.com.
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