5 Key Industries to Watch in China in 2023

China’s economic growth in 2023 will be led by several key industries that are forecast to flourish due to the lifting of COVID restrictions, as well as government support and incentives.

These include tourism, new energy vehicles, online shopping, software development, and healthcare. We discuss five main Chinese industries that will be of considerable interest to foreign investors in 2023.

2022 set the tone for a turning point in China’s economy. After several COVID-19 outbreaks throughout the year, which led to a widespread economic slowdown, Beijing has abandoned the most stringent aspects of its Zero-Covid policy to facilitate the resumption of industrial activity and speed up production.

New forecasts for China’s real GDP growth set to 5.2 percent in 2023

In response to Beijing’s shift to “living with COVID”, analysts have raised their forecasts for China’s…