China Premier Reveals 2023 Growth Beat 5% Target at Davos
• Chinese Premier Li Qiang said at Davos that China's economy grew "around 5.2 percent" in 2023, beating the target of 5% growth • This early glimpse of 2023 economic data came a day before its official release in Beijing • Li said China achieved growth without risky short-term measures like large spending or credit programs • China has been wary of stimulus measures, but recently authorized extra bond sales and raised deficit spending ceiling • Li used his Davos speech to present China as an attractive market with strong economic growth prospects