'We aim for improved economic growth in early 2023'
China will seize the time window to implement policy measures to support the economy, aiming for an improvement in growth in early 2023, according to a State Council meeting. Beijing has in recent months rolled out a flurry of policy measures to support growth, focusing on infrastructure spending and limited support for consumers, while loosening financing curbs to rescue the property sector. "There is still room for these policies and measures to release their effects," state media quoted the cabinet as saying after a regular meeting chaired by Premier Li Keqiang. "Making good efforts will also help stabilise growth next year. We should seize the time window and pay close attention to the implementation of policies." China will better balance its Covid-prevention measures and efforts to promote economic and social development, seeking to lay a good foundation for growth in 2023, the State Council was quoted as saying. The government will "keep the economic operation within a reasonable range, promote further stability and improvement of the economy, and achieve a good start for next year," the cabinet said. (Reuters)