Technicians check vehicles rolling off the production line of an automaker in Yibin, Sichuan province. ZHUANG GEER/FOR CHINA DAILYRegulator urges expanding investment, structural adjustments of key industriesChina will take more steps to boost the steady growth of the industrial economy in a bid to consolidate economic recovery in the first quarter, officials and experts said. (We will) strive to promote the steady growth of the industrial economy in the first quarter … laying a solid foundation for stabilizing the overall economy," it said. Experts said several provincial-level governments have pledged intensified efforts to prop up growth and keep economic performance within a reasonable range, pointing to a robust 2023 amid signs of notable economic recovery. Robin Xing, Morgan Stanley's chief China economist, said China's economy is expected to grow by 5.7 percent in 2023, contributing to around 40 percent of global economic growth.
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