-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photos
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Health
-
Leisure
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Newsmaker
-
Lifestyle
-
Diversions
-
Movies
-
Hotels and Food
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Qianhai
-
Advertorial
-
CHTF Special
-
Futian Today
在线翻译:
szdaily -> Business -> 
GDP growth target ‘necessary’
    2021-03-01  08:53    Shenzhen Daily

THE government should go against market expectations and set a target for economic expansion in 2021 to ensure quality growth, a researcher at a government think-tank told domestic media.

“Without a certain pace of expansion, the quality of the economy doesn’t have support,” Zhang Liqun, a researcher at the Development Research Center of the State Council, said in an interview with the China Internet Information Center on Friday.

“I think it is necessary to set a goal for economic growth this year, and the conditions are in place for it,” he said, referring to the nation’s strong recovery from the COVID-19 outbreak.

Zhang’s intervention in a debate about whether China should abandon GDP growth targeting for a second year came a week before the publication of the government’s annual work report.

China’s government reports will be released Friday and these will include the budget and plans for the economy in 2021, and those targets for fiscal revenue, bank credit growth, employment and income growth are all closely linked to how fast the economy expands, Zhang said.

Zhang said the lack of a GDP target last year was mainly due to uncertainty due to the pandemic, but he expects China’s economy to grow around 8 percent this year as China has the coronavirus outbreak under control.

Liu Shijin, an adviser to China’s central bank, also said Friday that China’s GDP could expand 8 to 9 percent in 2021 as it continues to rebound from the pandemic.

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.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010-2020, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@126.com