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China May Keep Growth Above 5% in 2022: Herald

CHINA PRESS
MNI (Singapore)

The Chinese economy should grow just over 5% in 2022 given that the two-year average growth of this year is around 5%, 21st Century Business Herald reported citing analysts. China should further expand domestic demand as exports may slow with the recovery of global supply, including promoting consumption, investment and upgrading manufacturing, the newspaper said. China may need a significant effort to keep growth above 5% next year given the current "relatively big" downward momentum, the newspaper said citing Yang Weimin, a high-ranked advisor and the deputy director of the economy of the Chinese People's Political Consultative Committee.

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