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MNI BRIEF: China GDP Likely Over 5% In H2, Above 4.5% For 2022

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China is likely to reach an over 5% GDP growth in the second half and the country should not pursue an overly high target on stimulus which will hurt long-term development, said advisors and former officials in a summit held by China Wealth Management 50 Forum on Saturday.

China could see an above 4.5% growth for the whole 2022 after its economy expands over 5% in Q3 and Q4, said former PBOC governor Dai Xianglong, suggesting the government fiscal deficit/ GDP ratio will rise next year, (See: MNI BRIEF:China Q2 GDP Surprisingly Slows To 0.4% On Covid Hit).

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China is likely to reach an over 5% GDP growth in the second half and the country should not pursue an overly high target on stimulus which will hurt long-term development, said advisors and former officials in a summit held by China Wealth Management 50 Forum on Saturday.

China could see an above 4.5% growth for the whole 2022 after its economy expands over 5% in Q3 and Q4, said former PBOC governor Dai Xianglong, suggesting the government fiscal deficit/ GDP ratio will rise next year, (See: MNI BRIEF:China Q2 GDP Surprisingly Slows To 0.4% On Covid Hit).

Keep reading...Show less