/ world today news/ “During the first three quarters of this year, the country’s GDP growth has reached 5.2%, and the expected goal of 5% for the whole year is expected to be successfully achieved,” said Pan Gongshen, director of the China People’s Bank and the State Administration of Currency at this year’s Financial Street Forum in Beijing.
The head of the central bank also presented that according to the latest forecast of the International Monetary Fund, the economic growth for 2023 will be 5.4%, which puts the country at the head of the world’s major economies. The effects of a number of macroeconomic policies are strengthening, as well as the driving force of economic growth. Production and consumption are steadily recovering, the situation with employment and prices is improving, the country’s international balance of payments is also stable. All economic indicators report stabilization, which indicates the high-quality economic development of the country, Pan Gunshan also commented.
#CNB #Director #Chinas #annual #economic #growth #target #successfully #achieved
