Zhang Liqun: China's Economy Is Expected to Recover in 2023

on China's economy, will finally come to an end. Now the impact of the epidemic is fading away, the real estate good signals are frequent, major projects continue to advance, and 2023 will be the key year for the full economic recovery.

Next, where will China's economy go? How will infrastructure, real estate and other fields closely related to the cement industry develop? What is the trend of cement demand in the next few years? Recently, Zhang Liqun, a researcher at the Development Research Center of the State Council, gave his views in a telephone exchange with China Cement Network.

Zhang Liqun said that all kinds of unfavorable factors for economic growth have been greatly reduced. At present, all localities have relaxed their hands and feet to grasp economic construction, and enterprises have made every effort to resume production. All these phenomena show that the trend of China's economic recovery is very clear, and China's economy will rebound significantly in 2023.

At the same time, Zhang Liqun also said that real estate and infrastructure, as the two major sectors driving cement demand, will also perform well this year. Judging from the fundamentals of this year's economic recovery, expanding domestic demand, further strengthening infrastructure, and supporting real estate to extricate itself from difficulties, it is expected that cement demand will show a trend of recovery this year.

"Infrastructure investment will be further strengthened in 2023." Zhang Liqun said that the Central Economic Work Conference clearly pointed out that we should rely on government investment and policy incentives to drive social investment, so this year's work around the overall economic infrastructure construction will be further strengthened and accelerated. According to

market research, there are many infrastructure projects in some places, but the situation of funds in place is not very optimistic. In this regard, he said that this year's fiscal policy should be strengthened to improve efficiency, and there will be some more effective measures around the demand for construction funds for major projects. The short board of funds is a short-term phenomenon, which will not restrict the pace of construction of major projects.

As for the problems encountered in real estate, Zhang Liqun said that the Central Economic Work Conference in 2022 had made a comprehensive arrangement: to ensure the delivery of buildings, people's livelihood and stability, to actively pay attention to the financing needs of real estate enterprises, and to obtain funds for real estate is an important advantage. In particular, the policy of actively supporting the rigid improvement of housing demand is very important for the recovery of the real estate market.

In Zhang Liqun's view, the policy environment supporting the recovery of real estate has been established, and on this basis, with the improvement of employment situation and income growth this year, the rigid and improved demand for housing in the real estate market will be actively released. As these demands have accumulated a large stock, the prospects for the recovery of the real estate market this year are relatively clear.

As for the future trend of cement demand, Zhang Liqun believes that China is still at the critical stage of building a strong socialist modernization country in an all-round way. At this stage, all aspects of construction will show an active trend. Judging from this, cement demand will generally grow in the next few years.

They want to further explore the economic trend of China in 2023 and understand the trend of cement demand in detail. Attention can be paid to the "2023 China Cement Industry Summit and Award Ceremony" to be held by China Cement Network in Hangzhou, Zhejiang Province on March 15-16, 2023. At that time, Zhang Liqun of the Development Research Center of the State Council will give you a more comprehensive speech. Stay tuned!