China 2021 economic growth ‘expected to exceed target’, despite headwinds
- Vice-Premier Liu He says China is on track to beat its gross domestic product growth target of ‘above 6 per cent’ this year
- However, analysts are concerned about challenges ranging from sporadic coronavirus outbreaks to power shortages
China’s economic growth will exceed its target in 2021, Vice-Premier Liu He has said, despite multiple headwinds that threaten to derail recovery from the coronavirus pandemic.
“We’re abundantly confident about China’s economy next year,” Liu said on Tuesday during the Hamburg Summit, a virtual event focused on relations between China and Europe.
Liu, the top economic adviser to President Xi Jinping, said the economy has continued to recover this year, with employment, commodity prices and international payments “normal overall”, and growth “expected to exceed target”.
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China was the only major economy in the world to expand last year as the pandemic ravaged business around the globe.
