Experts: China well-positioned to sustain sound development
By Ma Qing |
chinadaily.com.cn |
Updated: 2023-12-13 13:18
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Luo Zhiheng, chief economist at Yuekai Securities, told financial news outlet Yicai that the recent meeting's overall tone affirmed the year's economic accomplishments despite complex domestic and international conditions, characterizing it as a "recovery and improvement".
Notably, the Chinese economy has been on a trajectory of post-pandemic recovery, initiating robustly in the first quarter due to a continual rebound in the service sector, Luo said.
It faced increased downward pressure in the second quarter but showed sustained recovery in the third quarter, he added, and Luo expects that there is a good chance of achieving the annual targets.
