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China's 2022 GDP Could Reach 5% With Strong Policies-Report

CHINA PRESS
MNI (Singapore)

The Chinese economy may grow around 4.8% in 2022, and could reach 5%-5.5% if supported by strong policies such as the issuance of special treasury bonds in H2, Yicai.com reported citing a report by Zhixin Investment Research Institute. If issuing CNY1.5 trillion special treasury bonds, the infrastructure investment growth in 2022 could increase by 24.8%, otherwise the figure may rise by 13.7%, the report said. The central bank is expected to cut the reserve requirement ratio in H2 to ease banks’ pressure on capital costs, the report said.

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