CHINA-ECONOMY: CASS ANTICIPATES 5 PER CENT GROWTH OF CHINA'S ECONOMY IN 2022
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The annual blue book issued by CASS said that China's economy is likely to grow around 5.3% in 2022, but cautioned that the forecast could be adjusted lower depending on the COVID-19 situation. Li Xuesong, a researcher at the Chinese Academy of Social Sciences (CASS), told reporters "A target of above 5% leaves a certain room of leeway, which is a relatively prudent call. It would also allow all parties to focus on promoting reforms and innovation and pushing for high-quality development."
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