Economic activity will continue to accelerate in China next year on the back of existing supportive policies,
despite a grim outlook for global growth due to the resurgence in novel coronavirus cases and lockdowns, economists said.
The comments came after the World Bank updated its projections for China’s GDP growth on Wednesday and said the country will return to its pre-pandemic growth level next year.
The World Bank expects China’s GDP to grow by 7.9 percent next year, compared with 2 percent this year,
on the back of improved consumer and business confidence along with better labor market conditions.