Policy advisors have underlined the urgent need for China to shore up economic growth, proposing to set the country's GDP growth target at no less than 5 percent for the next year.
China should strive for an average economic growth rate of around 5 percent for 2022 and 2023, as the country s potential growth level is probably between 5 percent and 5.5 percent, Liu Shijin, vice chairman of the Committee on Economic Affairs of the National Committee of the Chinese People s Political Consultative Conference, said on Friday.
At Caixin Summit, China’s monetary policy adviser says a rocky economic recalibration will magnify existing difficulties and risks, driving the nation’s economy down a slow and distorted path.
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Policy advisors have underlined the urgent need for China to shore up economic growth, proposing to set the country's GDP growth target at no less than 5 percent for the next year.