Seeking Truth from Fact: Key Indicators for China’s Economy in 2023

On March 5, 2023, China set a GDP growth target of around five percent for 2023, which is lower than expected. What are the major challenges and risks for China’s economic growth in 2023 and beyond? Where do the strengths in China’s economy lie? Both the promise of continued export and consumption growth and the threat of rising debt and property sector instability raise critical questions. How will tariffs, trade imbalances, and geopolitics affect China’s economic prospects? In an interview conducted in partnership with Peking University’s National School of Development on March 14, 2023, Dr. Hu Yifan and Dr. Lu Feng provide their forecasts of China’s economy for the coming year. 0:00-2:10 introductions  2:10-10:10 Predictions for 2023 10:10-23:10 incentives, growth, and economic policy 23:10-31:53 China’s population demographics and economy 31:53-43:15 U.S.-China cooperation and trade 43:15-50:06 Bank failures, nervous markets 50:06- State of the RMB and USD About the speakers: https://www.ncuscr.org/event/forecast-of-chinas-economy-for-2023/ Read the transcript for this podcast About the speakersSubscribe to the National Committee on YouTube for video of this interview. Follow us on Twitter (@ncuscr) and Instagram (@ncuscr).