E-mail lunthesis@163.com Phone 0551-65179860-203

Confidence and expectations key to economic recovery in 2023

Pub Date:2023-01-31 15:22 Source:China Daily

Boosting confidence and stabilizing expectations are vital for China's economic recovery in 2023 as multiple provincial-level governments have announced incentive measures to spur recovery this year, according to Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges.

Stabilizing foreign trade and expanding domestic demands are also key factors for this year's economy, he added.

Twenty-three provinces and cities such as Guangdong, Shandong, Hebei, Hubei, Zhejiang, Jiangsu, Shanghai, Fujian, Gansu, Chongqing and Shaanxi have released a series of policies to boost domestic demands, optimize the business environment, stimulate the vitality of market entities and deepen innovation, according to a report from CCTV News on Tuesday.

For example, Guangdong province aims to launch 1,530 key projects in 2023, with an overall investment of 8.4 trillion yuan ($1.24 trillion).

According to Wu Dongwen, deputy director general of the Department of Industry and Information Technology of Guangdong province, investment in basic projects and industries will take up 61 and 31 percent, respectively, while investment in people's livelihood will account for 7 percent of the total.

Manufacturing accounts for one-third of all industrial projects this year and the total investment in this sector is expected to reach 100 billion yuan, he said.

The regions' economic plans have their distinguished features, Zhang said. For example, Shanghai is focusing on optimizing the business environment, Guangdong holds high-quality development as a top priority, Zhejiang will build the province into a high-level innovative hub, while Hubei will become a pilot area for a new development paradigm.

"The action plan of Shanghai's optimization of the business environment is very encouraging," Zhang said, adding that improving facilitation and efficiency, addressing weaknesses in the business environment and benchmarking the new evaluation method of the World Bank will be the three steps taken by the city this year.


Related News
- IMF projects China's economic growth to reach 5.2 pct in ...    2023-01-31 14:51
- China factory activity rebounds in January    2023-01-31 14:51
- Cargo throughput of China's Ningbo Zhoushan port ranks to...    2023-01-31 09:41
- Chinatown business serves as bridge    2023-01-31 09:41
photo  >>
Fill your spring scenery collection in Anhui
People enjoy themselves at eco-tourism scenic spot in Balidian, E China's Zhejiang
Video  >>
Volkswagen manager: I believe Chinese modernization is the right way
Let's meet inheritors: Luzhou dough modeling
People  >>
Sixty years on, hero soldier remains a role model in China
50 Years Friendship between China and Australia: Australian economist Tim Harcourt
Travel  >>
Iconic pine on China's Huangshan Mountain undergoes comprehensive examination
China sees over 73 mln domestic tourist visits during Mid-Autumn Festival holiday
Contact Us
Copyright ©2000-2021 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited. 皖B2-20080023-7