1、Foresight 2023Striving for Stability and Sustainability on Development and CooperationFORESIGHTFORESIGHT20234Foresight 2023In 2022,China Experienced A Perfect Storm In 2022,while Covid still was circulating around the world,the war in Ukraine unleashed for the world an economic shockwave only matche

2、d by the oil shocks in the past.Inflation already had been rising since 2018 and the beginning of the trade war between China and the US,then fueled by logistical bottlenecks and demand surge during and post Covid waves.Inflation then got a global booster due to spiking energy prices and tightening

3、monetary policies as a response triggered further pressure on demand addressed to China.And the Covid resurgence in China since the early 2022 has added a slower domestic market as well.In the same time the world has witnessed the acceleration of the climate emergency with more extreme weather durin

4、g the summer 2022,with devastating damages across the world,in both emerging and developed economies.The convergence of all the disruptions and challenges turned into a“perfect storm”that created much pressure and debate on the resilience of the Chinese economy.The Covid-control policy inevitably di

5、srupted economic activity,especially on the consumption side.Yet,some fundamentals of the Chinese economy have been resilient:China exports remain high in 2022,in spite of the slow down in Q3-Q4,and increased 9%in the first 11 months compared to 2021,which was already an excellent year for export gr

6、owth.The inflation and currency fluctuation also stayed in comparably moderate compared to many countries.It has created a solid foundation for the recovery.But more problems still linger down the road.At the end of 2022,China finally loosened the Covid-control policies and signaled the reopening to