China is anticipated to accelerate global economic recovery in 2023.

Analysts predict that China will remain a dependable and significant driver of global economic growth in 2023 given the durability and potential of its economy.

In spite of numerous obstacles, China has managed to keep its economy broadly stable this year by successfully integrating the COVID-19 policy with social and economic advancement and introducing a number of stimulus measures to aid businesses, control consumer prices, and increase investor confidence internationally.

China's economic performance is anticipated to see a general recovery and improvement in 2023, according to the annual Central Economic Work Conference, which was held in Beijing on Thursday and Friday.

The Central Economic Work Conference stressed the importance of pursuing steady progress while preserving economic stability for the following year as it elaborated on the industrial, research and technology, social, and fiscal and monetary policies for 2023.

According to a meeting called by the Political Bureau of the Communist Party of China Central Committee earlier this month, China has also promised to further increase domestic demand and to fully play the fundamental function of consumption and the important role of investment in 2023.

The Chinese economy will do well in 2023, according to analysts, given that Beijing has a wide range of policy options available to ensure a strong rebound.

China has fiscal room to strengthen its economy and fend off negative pressure, according to International Monetary Fund Managing Director Kristalina Georgieva.

Societe Generale analysts predicted that the Chinese economy might increase by about 5% in 2023, stating that they "expect three to four quarters of high growth, commencing either in 2Q or 3Q of next year."

In a recent analysis, Morgan Stanley forecasted that China would make a recovery starting in the middle of 2023 and have full-year growth of 5%.

Several encouraging signals and indicators support the analysts' optimism.

According to a research report released on Monday by UBS analysts Christopher Swann and Vincent Heaney, "Chinese stocks have increased 37% since the beginning of November as a result of numerous favorable reopening signals from Beijing."

Numerous global corporations are also growing their operations and investments in China. According to official figures, in the first 10 months, actual foreign direct investment on the Chinese mainland increased by 17.4% year over year to 168.34 billion dollars.

In the second half of 2022 alone, German manufacturer Volkswagen announced investments of up to 3 billion dollars in two new R&D-focused joint ventures in China, making it one of the major investors.

According to a research released by Rhodium Group on Tuesday, investors are confident in the prognosis for China's market because "the biggest corporations that have poured billions of dollars into local assets are remaining there and carrying out their investment plans."