China should act to ease COVID impact, boost growth over 5%, central bank official says Y100 WNCY Your Home For Country & Fun Green Bay, WI


Source: wncy.com wncy.com

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TOKYO (Reuters) – China should take steps to soften the economic impact of COVID-19 and boost annual economic growth back above 5%, a top central bank official said on Sunday. Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China, told an economic forum the effective management of macroeconomic policies was critical in laying the foundation for the country to achieve the national growth target of around 5.5%. Gross domestic product rose 4.8% in the first quarter from the same period last year. Beijing should “actively and effectively” expand domestic demand, stabilise the country’s industrial...