China's economy could grow 8-9% in 2021 under 'usual circumstances'
Global Economy
26 February, 2021, 09:15 am
Last modified: 26 February, 2021, 09:16 am
China's economy grew 2.3% last year amid significant disruptions caused by the pandemic
A woman wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. Photo:Reuters
China's gross domestic product (GDP) could grow 8-9% in 2021 under "usual circumstances", and by over 15% year-on-year in the first quarter, Liu Shijin, a policy adviser to the People's Bank of China, said on Friday.
This would be a result of 2020's low base, and would not mean China has returned to a "high-growth" period, said Liu.
China's economy grew 2.3% last year amid significant disruptions caused by the pandemic.
If 2020 and 2021's average GDP growth is around 5%, this would be a "not bad" outcome, he said, speaking at an online conference.
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