Asian Development Bank lifts its growth forecasts for China: 5% this year (vs. 4.3% prior) | Forexlive

Asian Development Bank (ADB)
says that while China’s property sector “remains a point of concern”, the upside risks to China’s growth outlook outweigh
downside risks.

• If life really
  returns to normal quickly and confidence comes back, growth could
  even be higher than 5% which would be obviously even better for the
  region
• ADB forecasts 5% economic growth for China in 2023, up from its previous forecast of +4.3%
• ADB forecasts 4.5% GDP growth in 2024