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China's road to economic recovery faces post-COVID speed bumps

2023 task: Prevent anti-pandemic policy from spilling further into economy

People return to work despite an ongoing COVID-19 outbreak in Shanghai on Jan 3: Improving market expectations and restoring confidence will be crucial for China's economy in 2023.   © Reuters

Just as the third year of the COVID-19 pandemic was drawing to a close, China's policy pendulum swung from stamping out and controlling the virus's spread toward spurring economic growth, leaving everyone pondering: How will the world's second-largest economy perform in 2023?

China in late November began abandoning most pandemic restrictions, ending the hyper-strict zero-COVID strategy that had taken an increasingly heavy toll on its economy and people.

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