When China's leaders gather this month to set next year's economic agenda, they will likely map out more stimulus steps, eager to underpin growth and to ease disruptions caused by a sudden end to COVID-19 curbs, policy insiders and analysts said.
The move was welcomed by global markets for the long-term economic benefits but carries with it the short-term prospect of a surge in infections, and the pain that will bring.The dilemma is not lost on China's leadership, including a new team of top economic officials selected by the party congress in October, where Xi packed top party decision-making bodies with his close allies. They will formally take office in March.
Government advisers told Reuters last month they would recommend the conference adopt 2023 growth targets ranging from 4.5% to 5.5%, while a central bank adviser said last month that China should set a target no lower than 5%. "I believe we should set a growth target of above 5%," said a government adviser, who spoke on condition of anonymity because the deliberations are confidential.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Inflation Has Peaked — But It's Not Returning to Pre-Covid Levels in 2023, Mastercard SaysIt'll take a few years to return to 2019 levels, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute.
Leer más »
SHINee's Onew tests positive for COVID-19; cancels schedules including '2023 SMTOWN LIVE' appearance | allkpopOnew has tested positive for COVID-19.On December 12 KST, SM Entertainment announced that the SHINee member tested positive for the virus and will …
Leer más »
China eyes return to normalcy in 2023 after ending zero-COVID policyChina's leading public health experts are expecting the country's first nationwide wave to peak in a month's time.
Leer más »
Trim Pickings: 2023 Nissan Rogue vs. 2023 Toyota RAV4The base models of the Nissan Rogue S and Toyota RAV4 LE are priced within $255 of each other, making for very close competition. Both of these models are well equipped with feature highlights that include LED headlights, tinted rear windows, cloth upholstery, satellite radio, and Apple CarPlay and Android Auto compatibility. On the safety front, both SUVs include a forward collision warning with automatic emergency braking system and automatic high-beam headlights.
Leer más »
OPEC sees robust global oil demand growth in 2023 after 2022 Chinese contractionOPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside coming from a relaxation of China's zero-COVID policies, which this year have pushed the country's oil use into contraction for the first time in years.
Leer más »
Chinese consumers wary of splurging after Beijing relaxes COVID stricturesAnalysts don't expect a quick, broad rebound in spending in the world's second largest economy, as the glee that greeted the abrupt relaxations was tempered with uncertainty for consumers and businesses.
Leer más »