China's GDP May Grow Above 4.8% In 2022-Lian Ping

The Chinese economy may grow 4.8% in 2022, given that the additional credit of CNY800 billion by policy banks would largely stimulate infrastructure investment, wrote Lian Ping, dean of Zhixin Investment Research Institute in an article published by NetEase News. Retail sales may reverse the current decline in Q3, likely to grow about 2% throughout the year, said Lian. The annual growth is still likely to reach 5% or even meet the expected target of “around 5.5%”, should investment, consumption and exports all be significantly better than expected, said Lian. The rising possibility for the U.S. to remove some additional tariffs on Chinese goods may help to boost exports against weakening external demand, Lian added.