China's GDP growth to accelerate to 4.7% in 2023: Nikkei survey

Sudden policy changes, spread of virus cast shadow over 'V-shaped recovery'

Customers buy medicine at a pharmacy as the local government distributes more fever medicines to the market, following the COVID-19 outbreak, in Nanjing, China on Dec. 19. © Reuters

TAKESHI KIHARA and FRANCES CHEUNG, Nikkei staff writers

December 28, 2022 15:30 JST

HONG KONG -- China's growth will accelerate to 4.7% in 2023 as the economy is expected to be relieved from the spread of COVID-19 and virus-related restrictions in the second half of the year, economists and analysts say.

The real growth rate of gross domestic product in Asia's largest economy is forecast at 3.0% in 2022, followed by 4.7% in 2023 and 5.0% next year, according to 37 economists responding to a written survey conducted jointly by Nikkei Asia and Nikkei Quick News in December.