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China economy to rebound in 2023 under precise monetary policy: PBoC

2023 economic growth target, policies coming next weekend, support for domestic demand expansion a focus

China's population likely declined last year as births hit new low
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Reuters
China's economy is expected to generally rebound in 2023 and monetary policy will be precise and forceful, the central bank said in its quarterly policy implementation report released on Friday.

The People's Bank of China (PBOC) said it will focus on supporting domestic demand expansion and stabilising economic growth and prices while avoiding "flood-like" stimulus, according to the report.

However, it said that the external environment remains "severe and complex", adding that the basics of domestic economic recovery are "not solid".

The report also said the property sector requires time to transition while the pressure of balancing

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 24 2023 | 7:05 PM IST

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