China May See 8% Growth in 2021: Journal

China's GDP is projected at 8% growth in 2021 given that 2020 is a low base for comparison, China Securities Journal reported citing Zhu Baoliang, chief economist from the State Information Center of China. Infrastructure will continue to receive a funding boost given this year's unused balance from special bond issuance, and because the government allows the balance to be used as project capital, Zhu said. Retail sales may gain 12% growth in 2021 as vaccines enable further movement and as incomes rebound, Zhu said. Export growth in H1 of 2021 should remain high as China's competitors remain constrained by the pandemic, the newspaper reported citing Hua Changchun, chief economist from Guotai Junan Securities.