Experts: China's economy expects to pick up in 2023

Wen Bin, chief economist at China Minsheng Bank

China's GDP growth is expected to be around 5.5 percent in 2023, basically with a slower growth in the early months and faster growth in the later months.

Consumption growth will face a favorable situation next year as offline and clustering consumption are expected to recover, residents' incomes growth is expected to improve, and the advantages of China's large market will become more prominent.

From the investment perspective, infrastructure investment, manufacturing investment and real estate development investment are promising in the next year.

With the gradual optimization of epidemic prevention and control measures, the stability and competitiveness of China's supply chain and industrial chain will be further improved in 2023.