Is the growth target still achievable?

China is sticking to its target of 5.5 percent growth for this year – even though the Premier has set it before the big lockdowns. As a result, Western analysts have long since downgraded their forecasts. However, top economist Justin Lin still considers the target to be realistic.

What is an economic growth forecast that was announced at the beginning of March still worth? In Europe, economic forecasts are regularly readjusted as new developments emerge. China’s political economy, however, works differently. The leadership’s early March target (China.Table reported) is set in stone. There are no signs that the government in Beijing plans to end the year worse off than the announced „around 5.5 percent“. All despite endless lockdowns and continued real estate market problems.

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