{"id":114469,"date":"2021-02-26T04:30:52","date_gmt":"2021-02-26T04:30:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=114469"},"modified":"2021-02-26T04:30:52","modified_gmt":"2021-02-26T04:30:52","slug":"chinas-economy-could-grow-8-9-this-year-from-low-base-in-2020-central-bank-adviser","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/chinas-economy-could-grow-8-9-this-year-from-low-base-in-2020-central-bank-adviser\/","title":{"rendered":"China's economy could grow 8-9% this year from low base in 2020: central bank adviser"},"content":{"rendered":"
FILE PHOTO: A view shows traffic during evening rush hour at the central business district (CBD) in Beijing, China, January 15, 2021. REUTERS\/Tingshu Wang<\/figcaption>

BEIJING (Reuters) – China\u2019s gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People\u2019s Bank of China, said on Friday.<\/p>\n

This speed of recovery would not mean China has returned to a \u201chigh-growth\u201d period, said Liu, as it would be from a low base in 2020, when China\u2019s economy grew 2.3%.<\/p>\n

Analysts from HSBC this week forecast that China would grow 8.5% this year, leading the global economic recovery from the pandemic.<\/p>\n

If 2020 and 2021\u2019s average GDP growth is around 5%, this would be a \u201cnot bad\u201d outcome, said Liu, speaking at an online conference.<\/p>\n

China is set to release a government work report on March 5 which typically includes a GDP growth target for the year.<\/p>\n

Last year\u2019s report did not include one due to uncertainties caused by the coronavirus. Reuters previously reported that 2021\u2019s report will also not set a target.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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