Experts: China's economy expects to pick up in 2023

Deng Haiqing, chief economist at Avic Fund

Domestic demand will contribute more to China's economic recovery than overseas market demand next year. The optimization of epidemic prevention and control measures will hopefully facilitate consumption recovery.

Driven by policies, the real estate sector is expected to stabilize, with investment and sales sectors expected to rebound in the next year. The infrastructure investment growth will remain high.

In addition, tourism will probably rebound rapidly and auto consumption performance, which has been relatively bright, will outpace the overall consumption growth next year.