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Targeted measures expected to aid in balancing economic recovery

Targeted measures expected to aid in balancing economic recovery
By Jiang Xueqing and Zhang Yue |
China Daily |
Updated: 2021-07-07 06:52
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Workers are busy at a shoe factory at an industrial park in Anping town of Fengjie county, Southwest China's Chongqing, March 31, 2021. [Photo/Xinhua]
China is expected to take targeted measures to achieve a steady and balanced economic recovery from the COVID-19 pandemic, economists said.
Liu Ligang, managing director and chief China economist at Citigroup, said on Tuesday: "Citi maintains its forecast that the GDP growth in China will reach 8.8 percent this year. The main drivers for growth will be a catch-up of consumption, a recovery for the services sector and manufacturing investment."

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Targeted measures expected to aid in balancing economic recovery-Eastday

From:ChinaDaily | 2021-07-07 06:52
China is expected to take targeted measures to achieve a steady and balanced economic recovery from the COVID-19 pandemic, economists said.
Liu Ligang, managing director and chief China economist at Citigroup, said on Tuesday: "Citi maintains its forecast that the GDP growth in China will reach 8.8 percent this year. The main drivers for growth will be a catch-up of consumption, a recovery for the services sector and manufacturing investment."
Consumption may contribute about 6 percentage points of China's GDP growth for 2021. The growth in manufacturing investment in the country may accelerate to 9.5 percent year-on-year, and China's export, which maintained strong growth momentum, is expected to increase 12 percent year-on-year in 2021, Liu said.

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