U.N. Raises China's Economic Growth Forecast to 5.3%...
China News
May 17, 2023
Hamid Rashid, chief of the Global Economic Monitoring Branch of the DESA Economic Analysis and Policy Division, said that robust retail growth and a rebound in home sales are among factors behind this update. Rashid said China's inflation rate is lower than that of many other major economies, and its fiscal foundation is sound, which means that China's monetary and fiscal policies have a lot of room to prop up its economic growth.