China poised to see notable economic rebound in 2023: Officials and experts

An overall recovery and improvement is expected in China's economic performance in 2023, officials and experts said after digesting the highlights of the tone-setting Central Economic Work Conference, which concluded on Friday.

The conference demanded making economic stability a top priority and pursuing steady progress while ensuring economic stability for the next year.

Speaking at an annual Chinese economic meeting held by the China Center for International and Economic Exchanges on Saturday, Xu Hongcai, China's vice-minister of finance, said the country will coordinate fiscal revenue, deficit, and special bonds to strengthen financial resources for major national strategic tasks, ce.cn reported.

China will also further improve the structure of government spending and increase spending in key areas such as science and technology, environmental protection, basic people's livelihood, and regional coordination, he added.