MACAU DAILY TIMES 澳門每日時報 » China will remain ballast for world economy
At a time when the challenges posed by the still ongoing COVID-19 pandemic and increasing geopolitical tensions such as the Russia-Ukraine conflict are producing headwinds for a global economic recovery, that China has a solid foundation for achieving “stable economic growth” this year offers some reassuring ballast that it can be kept afloat.
Despite the challenges, China enjoys many favorable conditions for growth, and it still has room to maneuver to keep its growth within a “reasonable range” — possibly between 5 and 6 percent — a goal set by the government during the Central Economic Work Conference in December, which outlined the major economic targets for 2022.
The new development paradigm of “dual circulation” in which the domestic and overseas markets reinforce each other, with the former being the mainstay, has shown the resilience and potential of the Chinese economy in the face of the mounting…
