China is expected to increase by around 3% in the second quarter, according to The Paper

According to Yao Jingyuan, former chief economist and spokeswoman for the National Bureau of Statistics, the Chinese economy is likely to increase by roughly 3% in Q2 and should aim to meet the yearly target of 5.5 percent growth (NBS).

June 20, 2022 - 12:52 PM 228 views

China is expected to increase by around 3% in the second quarter, according to The Paper

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© China is expected to increase by around 3% in the second quarter, according to The Paper

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According to Yao Jingyuan, former chief economist and spokeswoman for the National Bureau of Statistics, the Chinese economy is likely to increase by roughly 3% in Q2 and should aim to meet the yearly target of 5.5 percent growth (NBS).

Important Quotes

"It's not a question of what policy is still missing; it's a matter of putting the State Council's 33 pro-growth initiatives into action."

"Local governments can reduce the down payment ratio and drop the mortgage rate even more to improve housing demand, and more support for private and micro enterprises is also needed to encourage employment."

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