On June 14, the World Bank released its latest China Economic Update and predicted that China's GDP will grow by 5.6% in 2023.

This estimate is up from the 4.3% in the World Bank's Global Economic Prospects report released in January 2023, and the 5.1% in the East Asia and Pacific Economic Update released in April.

At present, China's economic recovery remains fragile and still depends on policy support from the Chinese authorities.

On June 7, the Organisation for Economic Cooperation and Development (OECD) released its latest economic outlook report, which also raised China's economic growth rate in 2023 from 5.3% to 5.4%