China's economy takes off running in 2023

Updated: Feb 6, 2023 Print
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The skyline of Beijing. [Photo/VCG]


The construction of infrastructure projects has sped up after the Spring Festival holiday. On Jan 31, the first batch of 50 major projects was launched in Beijing, with a total investment of 48.6 billion yuan ($7.24 billion).

To improve the commercial environment in the capital, the Beijing Municipal Commission Development and Reform Commission also released a document to remove certain barriers to business.

The Chinese capital pledged to cultivate consumption in digital, cultural and ice-and-snow industries and support spending on housing improvements, new energy vehicles and elderly care services to revive the economy, according to the government work report.

To leverage the role of investment in optimizing the supply-side structure, Beijing will further promote 100 infrastructure projects, 100 projects for improving people's livelihood, and 100 projects for scientific and technological innovation and hi-tech industries.

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