The Asian Development Bank (ADB) released its "2023 Asian Development Outlook (December Edition)" report on the 13th, predicting that China's economic growth rate will reach 5.2% in 2023, higher than the September forecast of 4.9%. The report states that driven by factors such as household consumption and public investment, the Chinese economy maintained a growth momentum in the third quarter. Strong domestic demand has driven China's economic growth to exceed previous expectations. The report predicts that developing economies in the Asia Pacific region will grow by 4.9% in 2023, an increase of 0.2 percentage points from September's expectations; In 2024, it will grow by 4.8%, which is consistent with previous expectations. In the subregion, South Asia is expected to grow by 5.7% this year, East Asia by 4.7%, Southeast Asia by 4.3%, Central Asia and the Caucasus by 4.8%, and Pacific island countries by 3.5%. The Asian Development Bank is a multilateral development bank focused on the development of the Asia Pacific region, established in 1966 and headquartered in Manila, the capital of the Philippines. The Asian Development Outlook is the annual flagship economic report of the Asian Development Bank, which predicts the economic development of the Asia Pacific region. (Lai Xin She)