China Economic Outlook 2023

Beijing Railway Station in Beijing, China, January 10, 2023. Chinese passengers are travelling domestically as the nation’s most important holiday season kicked off, after the end of China’s zero-COVID policy. Some 34 million trips across the country were made by road, railway, water or air on January 7 on the first day of the Lunar New Year travel rush, according to data released by the Ministry of Transport. Photo: EPA/WU HAO/TT

In mid-December, signs of a re-opening of China after almost three years of zero Covid tolerance, resulted in revised forecasts by most analysts for China’s economy in 2023. A month later, China is fully open again and the mood is very different,  but at the same time we see a wave of infections taking a toll on an economy already badly affected. Despite this, President Xi Jinping on New Year’s Eve estimated the overall growth to reach 4,4 per cent in 2022. 

To give us an outlook for 2023, we are happy to invite Peter Ling-Vannerus, SEB Beijing, for yet another highly appreciated presentation on the Chinese economy ahead including the economic drivers for China this year.

• What effects have the last years zero tolerance had on the overall economy?
• What will happen now when the country is fully open again, but still with restrictions for traveling abroad with many countries having imposed Covid-tests for people from China.
• Will the Real Estate sector be able to revitalize itself?
• Will energy shortages again hit parts of the manufacturing industries?
• Will there be new stimulus packages and will consumption recover?