China May Set 5.5% GDP Growth Target in 2022: Citic

China may set a GDP growth target next year at 5.5%, a rate that was achieved in Q2 and highlight of 2021, with 5% being the floor, Ming Ming, the deputy director at Citic Securities research institute, wrote in the 21st Century Business Herald. Investment will be a key measure next year as the government pursues loose credit, stabilizing leverage and stabilizing growth, with the pace of growth in infrastructure and manufacturing investment likely to accelerate and prioritized, Ming said. While 5% is likely the pace registered this year, the top leadership has expressed a more pro-growth wish, so policy makers likely want to arrest the current downward slide, said Ming. China's exports may slow next year while consumption has limited room to expand, said Ming.