China cuts 2022 GDP target to around 5.5% amid Ukraine crisis

[Hamartia Antidote]

China cuts 2022 GDP target to around 5.5% amid Ukraine crisis

China sets a gross domestic product target of around 5.5 percent for 2022 at the opening of an annual session of parliament, amid mounting concern that Russia's aggression against Ukraine would put serious downward pressure on the global economy.

english.kyodonews.net

China cut a gross domestic product growth target for 2022 to around 5.5 percent at the opening of an annual session of parliament on Saturday, amid mounting concern that Russia's aggression against Ukraine will put serious downward pressure on the global economy.

The economic growth goal was lower than the target of over 6.0 percent for last year, as the world's second-biggest economy has also shown signs of slowdown due largely to the prolonged COVID-19 outbreak and sluggishness with the real estate sector.

 

[Wesen Hunter]

India's is 8-8.5%

 

[kankan326]

China cuts 2022 GDP target to around 5.5% amid Ukraine crisis

China sets a gross domestic product target of around 5.5 percent for 2022 at the opening of an annual session of parliament, amid mounting concern that Russia's aggression against Ukraine would put serious downward pressure on the global economy.

english.kyodonews.net

China cut a gross domestic product growth target for 2022 to around 5.5 percent at the opening of an annual session of parliament on Saturday, amid mounting concern that Russia's aggression against Ukraine will put serious downward pressure on the global economy.

The economic growth goal was lower than the target of over 6.0 percent for last year, as the world's second-biggest economy has also shown signs of slowdown due largely to the prolonged COVID-19 outbreak and sluggishness with the real estate sector.

What's US number?

 

[casual]

India's is 8-8.5%

when has India ever met its targets?

 

[Chacha_Facebooka]

India's is 8-8.5%

China's economy is massive.

 

[Wesen Hunter]

when has India ever met its targets?

75% of time between 2000-20.

 

[Zsari]

China cuts 2022 GDP target to around 5.5% amid Ukraine crisis

China sets a gross domestic product target of around 5.5 percent for 2022 at the opening of an annual session of parliament, amid mounting concern that Russia's aggression against Ukraine would put serious downward pressure on the global economy.

english.kyodonews.net

China cut a gross domestic product growth target for 2022 to around 5.5 percent at the opening of an annual session of parliament on Saturday, amid mounting concern that Russia's aggression against Ukraine will put serious downward pressure on the global economy.

The economic growth goal was lower than the target of over 6.0 percent for last year, as the world's second-biggest economy has also shown signs of slowdown due largely to the prolonged COVID-19 outbreak and sluggishness with the real estate sector.

2021 China set its growth target to 6%, whereas actual growth is 8.1%.

 

[CAPRICORN-88]

A realistic and attenable target.
Still higher than the World Bank estimates of 5.1%

 

[MH.Yang]

China's expected economic growth rate in 2022 should be 6%.

If the RMB exchange rate continues to rise, and reach 6.0616. Then in 2022, China's total GDP will reach US $20 trillion, with a per capita GDP of US $14155.

Our per capita GDP has exceeded that of Bulgaria, Romania and Croatia in the EU, considering that the euro exchange rate is falling sharply, we may surpass Poland and approach Hungary this year.

If all goes well, we may surpass Hungary in 2024, and surpass Latvia in 2025, surpass Slovakia&Lithuania&Greece in 2026, surpass Portugal&Czech Republic in 2029. I hope that by 2036, our per capita GDP will reach the average level of EU countries and surpass Japan in 2040.

 

[casual]

75% of time between 2000-20.

20% in the last 5 years

 

[K_Bin_W]

when has India ever met its targets?

India is 100% cooked numbers, Living conditions simply do not add up.

 

[Shotgunner51]

If the RMB exchange rate continues to rise ...

Spot on!

In the next few years, GDP is not the top concern, national security watchdogs around the world should seriously worry more about inflation (energy & food in particular), and risk of currency/financial system.

 

[twocents]

What's US number?

Don't even bother with him. He's a brown-skin
American at best.

 

[tower9]

China's expected economic growth rate in 2022 should be 6%.

If the RMB exchange rate continues to rise, and reach 6.0616. Then in 2022, China's total GDP will reach US $20 trillion, with a per capita GDP of US $14155.

Our per capita GDP has exceeded that of Bulgaria, Romania and Croatia in the EU, considering that the euro exchange rate is falling sharply, we may surpass Poland and approach Hungary this year.

If all goes well, we may surpass Hungary in 2024, and surpass Latvia in 2025, surpass Slovakia&Lithuania&Greece in 2026, surpass Portugal&Czech Republic in 2029. I hope that by 2036, our per capita GDP will reach the average level of EU countries and surpass Japan in 2040.

By 2030, China’s gdp per capita and living standards should surpass the low tier of EU countries and rank among the mid tier such as Italy or Spain.