China should set minimum GDP growth target of 5% for 2023: Economist

“China’s economy has been growing at an average pace slower than its potential for the past three years,” Liu, a deputy director of the economic committee of the national committee of the CPPCC, told a panel audience in Beijing.

“The top priority now is getting economic growth back to a normal track or an appropriate range,” he was quoted as saying by Caixin.

This year’s slow growth has resulted in a low base, and as efforts to stimulate the economy—including the 16-point measures to help property firms secure financing and the easing of some COVID restrictions—take effect, momentum is building for the economy to recover, he added.

ALCHEMPro News Desk (DS)