China’s GDP to grow around 5.1% in 2022: Analyst
China’s Gross Domestic Product (GDP) is expected to grow around 5.1 per cent year on year in 2022, the Xinhua-run Shanhai Securities Journal quoted Dong Qi, chief analyst of Guotai Junan Securities as saying on Tuesday.
According to the journal, China’s economy is projected to show a W-shaped growth trend in 2022 with an estimated 5.1 per cent year on year GDP expansion.
The chief analyst is of the opinion that China’s economy is currently in the early stage of the construction of a “dual circulation” development pattern and there is no need to be overly pessimistic about future economic growth.
Looking ahead, he added, China’s economy would once again present a cyclical upward force.
Dong Qi said available data showed that in the third quarter of 2021 China’s GDP grew 4.9 per cent year on year, slower than its growth of 18.3 per cent in the first quarter, and 7.9 per cent in the second quarter.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
Tinubu reiterates commitment to reviving horse racing in Nigeria
Mr Tinubu said reviving horse racing would create jobs through skills development, tourism, livestock production, and increased private-sector investment.
World
Iran, Oman end Hormuz talks without breakthrough
The strategic waterway lies between Iran to the north and Oman to the south, giving both countries a direct role in ensuring maritime security.
Education
Kings College Lagos PTA rejects takeover plan by old boys’ association
The parents unanimously rejected the move and appealed to President Bola Tinubu to reconsider the approval.
Diaspora
Sixth batch of Nigerians evacuated from South Africa arrives in Lagos
NiDCOM also announced various financial support packages for the returnees.
Heading 3
Govt can’t tackle Nigeria’s economic, social challenges alone; CSOs must step in: Presidency
Ms Kabir said the government alone could not address the country’s growing challenges.
World
At least two killed, five injured in Toronto street festival shooting
The police said investigations are ongoing to fish out the shooter, warning the public to stay away from the area.
