Fitch revises higher China 2023 growth forecast to 5.0% (from 4.1% previously) | Forexlive

On the revision, Fitch says that it reflects evidence that consumption and activity are recovering faster than initially anticipated after Chinese authorities decided to put a stop to their “dynamic zero Covid-19” policy towards the end of last year.

Adding that the economic recovery will be primarily led by the consumption side as households re-engage in activities previously hampered by health controls. The full release can be found here.