China expected to hit growth target despite COVID-19 – economists


Source: gettotext.com gettotext.com

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BOAO, China, April 20 (Reuters) – China remains on track to meet its growth target of around 5.5% in 2022, despite the COVID-19 outbreak plaguing the country, as it has plenty of leeway when it comes to its support measures, economists tasked with advising the government said on Wednesday. “The goal is achievable despite the pandemic,” said Zhang Yuyan, director of the Institute on International Economics and Politics at the Chinese Academy of Social Sciences, an influential think tank. “There is still room to cut interest rates, bank reserve requirements and adopt a more proactive fiscal policy,” he told reporters...