Visitors are seen during the 2023 China Marine Economy Expo (CMEE) in Shenzhen, south China's Guangdong Province, Nov. 23, 2023. (Xinhua/Liang Xu)
Despite challenges at home and abroad, China has managed to press ahead with its high-quality development, galvanizing the Asia-Pacific region and the wider world with its solid progress, great potential and immense opportunities.
BEIJING, Dec. 21 (Xinhua) -- Another year is just around the corner and global market watchers are reviewing the year 2023 for China, a year of hard-won, inspiring rebound amid a struggling global economic recovery.
Despite challenges at home and abroad, China has managed to press ahead with its high-quality development, galvanizing the Asia-Pacific region and the wider world with its solid progress, great potential and immense opportunities.
Robots work on an assembly line of a factory of a private enterprise in Zouping City, east China's Shandong Province, Sept. 13, 2023. (Xinhua/Guo Xulei)
The Chinese economy has experienced a rebound since the beginning of the year. China's gross domestic product (GDP) grew by 5.2 percent year on year in the first three quarters, marking the strongest performance among the world's major economies.
Steven Barnett, the IMF's senior resident representative in China, said that China remains the biggest engine of global economic growth in 2023, contributing one-third of global economic growth.
"When China grows faster, it really provides a welcome lift for the whole world," Barnett told Xinhua on a previous occasion.
Isao Sugehara, founder, president and CEO of Sugena, a Japanese consultancy, said that the Chinese economy shows a clear rebound and its growth rate stands out among the major economies in the world, adding that it is an important growth engine for global economy and that of the Asia-Pacific.
