In Depth: What’s in Store for China GDP, Fiscal Policy in 2023

Getting the Chinese economy back on track is the government’s main priority for 2023 after three years of sluggish growth caused by the impact of stringent controls to contain Covid-19 and a slump in the property market.

Leading officials and policymakers held their annual Central Economic Work Conference (CEWC) on Thursday and Friday to set policy priorities for 2023. They agreed to stabilize growth and expand domestic demand, confirming the tone set by the Politburo, China’s top decision-making body, at its meeting on Dec. 6.