2021-03-11

Could China Grow 8pc? Li Keqiang: Not Less Than 6pc

Always keep in mind, we're still in a world where GDP is determined by how much China is willing to increase its debt load via forced state-sector investments.

iFeng: 中国经济增速可达8%?李克强回应:6%不低了,一时走得快不一定走得稳

Li Keqiang said, I have noticed that we have put forward an economic growth target of more than 6%, which has aroused many concerns. There are many analyses. Some think it is positive, and some think it is lower than expected. Of course we are happy to see an economic upturn, but we are also soberly aware that this year is moving forward on the basis of restorative growth. There are many incomparable factors; the world economic recovery is still very uncertain, we say more than 6%, Not low anymore. At present, our economic aggregate is 100 trillion yuan, and an increase of 6% is 6 trillion yuan. This will only be achieved at the beginning of the "13th Five-Year Plan", which is over 8%. Moreover, "above 6%", "above" opened a hole, and it may actually be a bit higher, but we are not setting numbers, but guiding expectations. We hope to guide expectations to consolidate the foundation of economic growth and promote high-quality development. Maintaining sustainability, especially in conjunction with the goals for next year and the next year, cannot cause major ups and downs, otherwise it will disrupt market expectations.

Li Keqiang said that if you walk fast for a while, you don't necessarily walk steadily; only if you walk steadily, you can walk powerfully. We still hope that such a huge economy will be able to achieve long-term stability and maintain long-term improvement.

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