The Significance of China’s Economic Revival as Discussed by the Head of International Monetary Fund

Kristalina Georgieva, managing director of the International Monetary Fund, said today Sunday at the China Development Forum in Beijing that China’s share of global economic growth will reach a third in 2023.

She added: “The strong recovery of the Chinese economy means it will account for about a third of global economic growth in 2023, giving a positive boost to the global economy.”

Kristalina Georgieva noted that, according to the IMF analysis, an increase in China’s GDP by one percentage point causes GDP growth in other Asian economies by 0.3 percentage points.

According to the plan for 2023, the Chinese authorities expect GDP growth of about 5%.

For her part, Chen Fengying, former director of the World Economic Center of the China Institute of Contemporary International Relations, said that the growth rate of the Chinese economy could reach 6%.

It is noteworthy that China’s GDP grew by 3% in 2022 compared to 2021.

Source: News

Brice Foster
With over a decade of experience, Brice Foster is an accomplished journalist and digital media expert. In addition to his Master's in Digital Media from UC Berkeley, he also holds a Bachelor's in Journalism from USC. Brice has spent the past five years writing for WS News Publishers on a variety of topics, including technology, business, and international affairs.

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