Chinese Planning Authority Commits to Fulfilling 2022 GDP Targets

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China’s top planning authority has committed to achieving the country’s 2022 target for gross domestic product (GDP) growth of around 5.5%.

“China’s economy is highly resilient, has sufficient potential and considerable room to manoeuvre,” said Ou Hong (欧鸿), chief deputy secretary of the National Development and Reform Commission (NDRC), at a state press conference held on 28 June.

“We are fully confident that we can overcome the difficulties and challenges of economic operation, have the ability to deal with any changes in excess of expectations that could arise, to ensure the stable, healthy and sustainable growth of the economy.”

Ou also pointed to “marginal improvements” in economic performance in May, with the winding down of Covid-related restrictions in Beijing and Shanghai.