Chinanews.com, January 11 (Chinanews Finance and Economics reporter Li Jinlei) "Looking forward to 2023, we believe that the Chinese economy will show a solid recovery trend, and the growth momentum will be more balanced. It is expected that the annual growth rate will reach about 5.5%, rebounding to the potential. The level of growth.” Wen Bin, chief economist of Minsheng Bank, said in an interview with the “China New Observation” column of Chinanews.com.
Made by Xu Pengyu
Wen Bin pointed out that from an external perspective, due to the impact of high inflation and the tightening of monetary policies in major economies, aggregate demand has weakened, global economic growth has slowed down, and there is even the possibility of falling into a "recession".
From an internal perspective, with the continuous optimization of epidemic prevention and control measures, consumption will usher in a strong restorative growth, and the fundamental role of consumption in stabilizing growth will be further strengthened.
At the same time, after the implementation of the policy of stabilizing real estate becomes effective, real estate sales and investment will bottom out, investment in manufacturing and infrastructure will remain stable, and investment will still play a key role in stabilizing growth.
In Wen Bin’s view, macro policies will continue to maintain counter-cyclical regulation, proactive fiscal policies will increase efficiency, and prudent monetary policies will be precise and powerful. There is still room to further use structural monetary policy tools and continue to increase support for key areas, weak links and industry groups affected by the epidemic.
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