Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

China's economy could grow 8-9% this year from low base in 2020: central bank adviser

Published 02/25/2021, 10:01 PM
Updated 02/25/2021, 11:40 PM
© Reuters. General view shows the traffic during the evening rush hour in Beijing

BEIJING (Reuters) - China's 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's Bank of China, said on Friday.

This speed of recovery would not mean China has returned to a "high-growth" period, said Liu, as it would be from a low base in 2020, when China's economy grew 2.3%.

Analysts from HSBC this week forecast that China would grow 8.5% this year, leading the global economic recovery from the pandemic.

If 2020 and 2021's average GDP growth is around 5%, this would be a "not bad" outcome, said Liu, speaking at an online conference.

China is set to release a government work report on March 5 which typically includes a GDP growth target for the year.

Last year's report did not include one due to uncertainties caused by the coronavirus. Reuters previously reported that 2021's report will also not set a target.

Latest comments

"2019 business as usual"-- BIG MISTAKE.(just saying). China: You are going to N EED breatheable air, SOONER or later.Tic-toc.
Munger also commented that China has "behaved very shrewdly" in managing its economy, which has performed better than the U.S. He added that the momentum will probably continue.
'shrewdly'-yes. 'better than US'- no. Think about it.
Charlie Munger, vice chairman of the conglomerate Berkshire Hathaway and longtime business partner of Warren Buffett, praised China's poverty elimination success, automation and economic advancement at the annual meeting of Daily Journal Corp. on Wednesday.  "Nobody else has ever taken a big country out of poverty so fast and so long. And what I see in China now just staggers me," Munger said. 
and MUCH MORE staggering is likely to come , SOON, without Environmental Accountability . Tic-toc.
Sure they did. And im starting QB for Tampa Bay next yr
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.