What is an economic growth forecast that was announced at the beginning of March still worth? In Europe, economic forecasts are regularly readjusted as new developments emerge. China’s political economy, however, works differently. The leadership’s early March target (China.Table reported) is set in stone. There are no signs that the government in Beijing plans to end the year worse off than the announced “around 5.5 percent”. All despite endless lockdowns and continued real estate market problems.
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