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China will guide centrally administered State-owned enterprises (SOEs) to increase investment in key strategic emerging industries such as new energy and high-end equipment manufacturing this year, while enhancing business ties with small and medium-sized enterprises, said the country's top State-asset regulator on Tuesday.
China's Producer Price Index, which gauges factory-gate prices, will likely continue to rise but at a slower pace, despite uncertainties arising from global commodity prices, and the government's timely policy measures will ensure both supplies and producer-level inflation remain stable, the National Development and Reform Commission, the nation's top economic regulator, said on Tuesday.
While the Chinese economy continues to demonstrate its resilience, the downward pressure on it is evident with both the supply and demand sides suffering at the same time.
China set an ambitious GDP growth target of 5.5 percent for 2022 at the annual session of the National People's Congress in March. The target is broadly in line with our (Standard Chartered Bank's) forecast of 5.3 percent growth.
China set an ambitious GDP growth target of 5.5 percent for 2022 at the annual session of the National People's Congress in March. The target is broadly in line with our (Standard Chartered Bank's) forecast of 5.3 percent growth.