[world Bank expects China's GDP to grow by 5.6% in 2023] the World Bank released the latest issue of China Economic Bulletin on 14 June. China's economic activity rebounded in the first quarter of 2023 with a surge in spending on services, the report said. China's GDP is expected to grow by 5.6 per cent in 2023, driven by a rebound in consumer demand. Investment in infrastructure and manufacturing is expected to remain resilient.