Central bank looking at prudent steps to stabilize economy, experts predict ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.
Central bank looking at prudent steps to stabilize economy, experts predict
China’s GDP is expected to increase over 8 percent this year, with monetary policy remaining accurate and stable amid domestic economic recovery and a commodity-driven global inflation risk, said experts at Tsinghua PBCSF Chief Economists Forum.
Guo Lei, chief economist of GF Securities, showed positive expectation of China’s GDP growth, which is estimated to increase 9 to 9.5 percent year-on-year, and 11 to 12 percent in nominal terms.
Chief macro analyst Liang Zhonghua from Haitong Securities expressed more prudent views, projecting real GDP growth to be between 8 and 9 percent in 2021.
More attention should be given to the economic development trend on a monthly basis, Liang said. As government tightens controls on real estate and export slightly drops, China’s macro-economy will shoulder certain downward pressure.
SOURCE / ECONOMY
By GT staff reporters Published: Apr 11, 2021 09:18 PM
Members of staff work at the Shichengzi photovoltaic power station in Hami, northwest China s Xinjiang Uygur Autonomous Region, April 24, 2020. Northwest China s Xinjiang Uygur Autonomous Region transmitted 300 billion kWh of electricity outside the region over a decade, said the State Grid s Xinjiang branch Saturday. The electricity transmission helped China s central and eastern regions reduce about 96 million tonnes of coal use, and cut carbon dioxide and sulfur dioxide emissions by 259.2 million tonnes and 816,000 tonnes, respectively. (Xinhua/Zhao Ge)
China s goal to reach carbon neutrality by 2060 will have a huge influence on the country s macro economy and could generate a total investment of 100-300 trillion yuan ($15.26-45.78 trillion) in the next 30 years, said a prominent Chinese economist over the weekend.