Think tank: China to grow 5.5% this year

Rosy picture: A resident shopping for decorations ahead of the Lunar New Year in Shenyang Liaoning province. China’s domestic consumption will gradually pick up due to the smooth recovery of the national economy. — AFP

BEIJING: China’s economy is expected to grow around 5.5% in 2022, bringing the average annual growth rate forecast for 2020 to 2022 to 5.34%, according to a top government think tank.

The gross domestic product (GDP) is poised to maintain steady growth in 2022 after rebounding to an estimated 8.2% growth in 2021, according to annual forecasts by the Centre for Forecasting Science (CEFS) of the Chinese Academy of Sciences.