'China's economy may rise 5.9% in 2022'

By Xinhua News Agency

Apr 20, 2022 12:12 am

BEIJING: An economist expects China's gross domestic product (GDP) to grow 5.9 percent this year, higher than the 5.5-percent target set by Beijing, according to a recent Bloomberg report.

Yi David Wang, chief China economist at Credit Suisse Group AG, said he could revise his projection closer to 5.6 percent once the impact of coronavirus lockdowns becomes clearer.

TURNING THREADS This Feb. 28, 2022 file photo shows a factory employee working at one area of the production line at a textile company in the Nanmo township of Hai’an City, in China’s eastern Jiangsu province. XINHUA PHOTO

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