While the implementation of the optimized COVID containment policy and the release of pent-up demand, Chinese economic recovery is faster than expected.
IMF has raised its projection to 5.2 percent for Chinese economy in 2023, up 0.8 percent compared to its projection in October 2022.
The growth is mainly from catering and tourism. China is still looking for expansiory growth in other sectors and ecternal demand.
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