BEIJING: Economic experts and business leaders showed optimism about China's economic growth outlook in 2023 at the just-concluded China Development Forum (CDF) 2023, saying that China is a major driver of the global economy and a reliable supplier for industrial and supply chains.

In its government work report, China unveiled an around 5-percent expansion target for the Chinese economy this year. Kevin Kang, chief economist of KPMG China, said the goal is obviously higher than the estimated growth of most major economies.