In 2023, China is anticipated to help the global economy recover.

Given its economy's endurance and potential, researchers predict that China will remain a dependable and significant driver of global economic growth in 2023.

China has successfully managed to coordinate COVID-19 policy with economic and social development this year in the face of numerous hurdles, and it has also introduced a number of stimulus packages to help businesses, stabilize consumer prices, and increase investor confidence abroad.

The annual Central Economic Work Conference, held in Beijing on Thursday and Friday, stated that a general recovery and improvement in China's economic performance are anticipated in 2023.

The Central Economic Work Conference outlined the fiscal and monetary, industrial, scientific and technology, and social policies for 2023, placing a high importance on economic stability and calling for pursuing steady progress while guaranteeing economic stability for the following year.

According to a meeting called earlier this month by the Political Bureau of the Communist Party of China Central Committee, China has also committed to increasing domestic demand, playing fully to the fundamental function of consumption, and the essential role of investment in 2023.

Considering that Beijing has a wide range of policy options at its disposal to ensure a robust rebound, analysts forecast that the Chinese economy will do well in 2023.

Kristalina Georgieva, the managing director of the International Monetary Fund, stated that China has fiscal room to strengthen its economy and fend off negative pressure.

Chinese economic growth could reach 5% in 2023, according to experts at global financial services giant Societe Generale. "We envisage three to four quarters of high growth, commencing perhaps in 2Q or 3Q of next year," they said.

According to a recent prediction by Morgan Stanley, China will make a recovery starting in the middle of 2023 and have a full-year growth rate of 5%.

The optimism of the analysts is supported by a number of promising signals and data points.

Chinese equities have increased 37% since the beginning of November as a result of numerous favorable reopening signals from Beijing, according to a research paper released on Monday by UBS strategists Christopher Swann and Vincent Heaney.

Many international corporations are expanding their operations and investments in China at the same time. According to official figures, the amount of foreign direct investment on the Chinese mainland that was actually put to use in the first 10 months increased by 17.4% year over year to 168.34 billion dollars.

German carmaker Volkswagen, which announced investments of up to 3 billion dollars in two new R&D-focused joint ventures in China in just the second half of 2022, is one of the influential investors.

In a report released on Tuesday, Rhodium Group stated that the biggest companies that have invested billions of dollars in local assets are remaining put and carrying out their investment plans. This statement demonstrated investors' trust in China's market outlook.