China GDP Grew Around 5.2% in 2023, Premier Li Says at Davos
- Economy’s expansion last year higher than official goal: Li
- No. 2 says nation didn’t ‘resort to massive stimulus’
Li Qiang at the World Economic Forum in Davos, on Jan. 16.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
China’s economy grew around 5.2% in 2023, surpassing the government’s official growth target for the year without relying on “massive stimulus,” Chinese Premier Li Qiang said in Davos, Switzerland.
“Last year in 2023, the Chinese economy rebounded and moved upward with an estimated growth of around 5.2%, higher than the ‘around 5%’ target set at the beginning of last year,” Li said on Tuesday in his first appearance as China’s No. 2 official at the annual World Economic Forum.