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China H1 GDP Growth Seen at 12.3%; FY 8.8%: Times

CHINA PRESS
MNI (Singapore)

China's GDP growth is projected to reach 12.3% in the first half of the year and 8.8% for full-year 2021, the Securities Times reported citing Liu Xiaoguang, associate professor at National Academy of Development and Strategy, RUC. Macro policy should focus on stabilizing industrial growth, boosting effective investment and further expanding domestic demand in H2, the newspaper said citing policy meetings of local authorities. H2 recovery driver will swift to domestic consumption from strong exports and production in H1, which needs increased fiscal spending in H2, the newspaper said citing Cheng Shi, chief economist of ICBC International.

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