News Snapshot:
BOAO, China (Reuters) – China remains on track to reach its 2022 growth target of around 5.5% as it has ample stimulus space, government economists said on Wednesday, despite a resurgence in COVID-19 cases that has prompted private analysts to slash their forecasts. “The target is achievable despite the pandemic,” Zhang Yuyan, head of Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS), a top government think tank, said at the annual Boao Forum for Asia. “There is still room for cutting interest rates and reserve requirement ratios (RRR), and there is room for a...
