Advisers to Beijing on Dec.6 recommended a 2022 growth target that is lower than the target set for 2021 due to the persistent COVID-19 cases and the slowdown in the property sector.
The world’s second-largest economy is likely to grow around 5.3 percent in 2022, according to an annual blue book issued by Chinese Academy of Social Sciences at the briefing, although the report cautioned that the forecast could be adjusted down depending on the COVID-19 situation.
