China Can Grow 5.5% in 2022: Advisor

China's economy can grow 5.5% in 2022, and policymakers could set a higher economic growth target as long as inflation and systemic financial risks are under control, wrote Yu Yongding, a former member of PBOC’s monetary policy committee at a blog post run by China Finance 40 Forum. Boosting growth relies on infrastructure investment given the continuing economic downturn and weak expectations, so as to further drive manufacturing investment and lift consumption, said Yu. China should consider expanding the issuance of treasury bonds to raise funds for infrastructure projects, as local governments are short of funds to undertake investment tasks, said Yu.