China GDP: headwinds from coronavirus, property market slump see provinces lower economic growth targets for 2022

Source: China – South China Morning PostA number of Chinese provinces have lowered gross domestic product (GDP) growth targets for 2022, as well as expectations for consumption and trade, in the latest sign that Beijing may resort to its old playbook of state-led investment to maintain economic stability.After the National Bureau of Statistics on Monday revealed China’s GDP grew 8.1 per cent in 2021, and warned about growing economic headwinds, five provinces – Zhejiang, Anhui, Chongqing, Sichuan and Hunan – lowered their growth…Read More

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