The World Bank has highlighted a significant trend in its 2023 Global Economic Prospects report: while global GDP expansion is expected to slow across all major economies and regions, China stands out as an exception. China's 2023 economic roadmap emphasizes high-quality growth, openness, and cooperation, positioning the country to potentially lead a quicker-than-expected economic recovery.
In an insightful discussion, CGTN's Guan Xin interviewed Manuela V. Ferro, World Bank regional vice president for East Asia and Pacific. The conversation delved into how China can maximize its growth potential to achieve sustained and high-quality expansion. Ferro also explored the role China could play in supporting global growth, especially in light of the World Bank's warnings about a looming recession risk for the global economy.
With its focus on innovation, sustainable practices, and international collaboration, China aims to not only bolster its own economy but also contribute significantly to stabilizing and enhancing global economic prospects.
Reference(s):
cgtn.com
