WB President: China's GDP Growth to Exceed 5% this Year

World Bank (WB) President Malpass said on April 10 that the overall global economy will be weak this year, but China will be an exception. He expected that China's GDP will grow by more than 5% in 2023. China's optimisation of COVID-19 control measures will help improve its and even global economic growth prospects. China's private investment is active, and the monetary policy offers more counter-cyclical flexibility. The government has been encouraging the service industry, especially healthcare and tourism, said Malpass.