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China can achieve economic growth of around 5.5% in 2022- cabinet adviser

Randy Mancini 5 Jan 21
FILE PHOTO: People walk past an office and commercial complex in Beijing's Central Business District (CBD)
FILE PHOTO: People walk past an office and commercial complex in Beijing's Central Business District (CBD), China March 15, 2021. REUTERS/Tingshu Wang

January 21, 2022

BEIJING (Reuters) – China will be able to achieve economic growth of around 5.5% in 2022, Zhu Guangyao, an adviser to China’s cabinet, said on Friday.

China’s potential economic growth rate is estimated at 5-6%, Zhu told a briefing.

The expected interest rate hikes by the U.S. Federal Reserve could have a very big market impact, Zhu said, adding the United States should strengthen its policy coordination with developing countries.

(Reporting by Kevin Yao; Editing by Himani Sarkar)