China’s economy to grow 4.1% in 2023

China’s GDP is predicted to rise 4.1% year over year in the third quarter of this year, according to Securities Daily.

The Chinese economy has showed a tendency of stabilisation and recovery, and the economy’s internal development impulse has continued to increase as a number of initiatives to stabilize growth are implemented.

“The country’s industrial production sentiment has improved, and industrial output is predicted to rise by 4.3% in September,” according to Zhang Wenlang, chief macroeconomic analyst at investment bank China International Capital Corp.

According to Wen Bin, chief economist at China Minsheng Bank, the growth rate of total retail sales of consumer goods is likely to return to 5.5% in September.

In terms of key commodities, the service industry’s development has intensified, with the retail and postal business activity indices increasing to varied degrees compared to the previous month.

The performance of automobile consumption is noteworthy, with passenger car market retail sales growing by 13% year on year from September 1 to September 24.