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MNI BRIEF: China GDP Bounce in Q2 Before Q3 Peak: PBOC Advisor

MNI (Beijing)
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China's economy should rebound in the second quarter, boosted by the People's Bank of China's latest easing policies, with growth this year likely to peak in Q3, Liu Shijin, a member of the central bank's monetary policy committee told reporters.

“Considerable efforts” are needed to reach the GDP target of around 5.5% in 2022 as the country faces pressure from soft demand, pandemic-disrupted supply and a weakened outlook," said Liu, who is also a member of the Chinese People's Political Consultative Conference.

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China's economy should rebound in the second quarter, boosted by the People's Bank of China's latest easing policies, with growth this year likely to peak in Q3, Liu Shijin, a member of the central bank's monetary policy committee told reporters.

“Considerable efforts” are needed to reach the GDP target of around 5.5% in 2022 as the country faces pressure from soft demand, pandemic-disrupted supply and a weakened outlook," said Liu, who is also a member of the Chinese People's Political Consultative Conference.

Keep reading...Show less