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China Should Seek To Return Growth To Around 5.5% - Newsweek

CHINA PRESS
MNI (Singapore)

China should focus on returning economic growth back to pre-pandemic levels in the next five years and keep growth within a reasonable range to avoid economic and financial risks, China Newsweek reported citing Yang Weimin, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference. China’s GDP grew at an average annual rate of 6.6% from 2013 to 2021, while the average growth in the past two years was 5.1%, nearly 1 percentage point lower than the pre-pandemic level, Yang was cited as saying. Yang noted that a growth rate matching the country’s potential growth rate of around 5.5% is a reasonable growth.

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China should focus on returning economic growth back to pre-pandemic levels in the next five years and keep growth within a reasonable range to avoid economic and financial risks, China Newsweek reported citing Yang Weimin, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference. China’s GDP grew at an average annual rate of 6.6% from 2013 to 2021, while the average growth in the past two years was 5.1%, nearly 1 percentage point lower than the pre-pandemic level, Yang was cited as saying. Yang noted that a growth rate matching the country’s potential growth rate of around 5.5% is a reasonable growth.