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National Growth Target Expected To Be 5.28% - Yicai Survey

CHINA PRESS
MNI (BEIJING)

Leading economists predict China’s GDP growth target for 2023 will be set at 5.28%, as the weakening impact of the pandemic and the promotion of growth policies help stabilise the economy and expand domestic demand, according to a survey by Yicai.com. Citing experts, the paper said the jobs market will remain under pressure and maintaining an unemployment rate of 5.5% requires economic growth of at least 5%. As economic data improves in Q1, experts do not expect a change to the one-year LPR in February, though the five-year LPR could be lowered to support the real estate sector.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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