The Chinese economy is estimated to have maintained a high growth rate of about 8 percent with the COVID-19 pandemic basically under control in 2021.At the same time,the triple pressures of demand contraction,supply s...The Chinese economy is estimated to have maintained a high growth rate of about 8 percent with the COVID-19 pandemic basically under control in 2021.At the same time,the triple pressures of demand contraction,supply shock,and weakening expectations gradually emerged as the quarterly economic growth rate endured an obvious downward slope,an indication that China’s economic development will face more difficulties in 2022.Therefore,the Central Economic Work Conference held in December 2021 noted that economic work should“prioritize stability while pursuing progress,”which set“stability”as the tone for economic development in 2022.展开更多
文摘The Chinese economy is estimated to have maintained a high growth rate of about 8 percent with the COVID-19 pandemic basically under control in 2021.At the same time,the triple pressures of demand contraction,supply shock,and weakening expectations gradually emerged as the quarterly economic growth rate endured an obvious downward slope,an indication that China’s economic development will face more difficulties in 2022.Therefore,the Central Economic Work Conference held in December 2021 noted that economic work should“prioritize stability while pursuing progress,”which set“stability”as the tone for economic development in 2022.
