CHINA-ECONOMY: WHILE CHINA'S LEADERS EXPECTED TO SET GROWTH TARGET FOR 2022 AT 5.5 PER CENT, IMF PROJECTS LOWERED GROWTH AT 4.8 PER CENT
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The Wall Street Journal (January 28) reported Chinese economists who consult with the government as
saying that China’s leadership is likely to set a growth target of about 5.5% for 2022. The figure might,
however, prove overly optimistic, given that economic expansion sharply decelerated to 4% in the final
quarter of last year. IMF also now expects China’s gross domestic product to expand 4.8% this year, down
from its previous projection of 5.7%.
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