Setting the bar for economic growth
"The growth target is achievable in light of China's average annual GDP growth rate of 6.2 percent in the past 10 years.
- "The growth target is achievable in light of China's average annual GDP growth rate of 6.2 percent in the past 10 years.
- China's economic rebound is having a significant positive spillover effect on the regional growth of Asia, Krishna Srinivasan, Director of the Asia and Pacific Department of the IMF, said.
- Srinivasan further said during the International Finance Forum One-on-One Global Dialogue on March 3 that a 1-percentage-point increase in China's growth leads to a 0.3-percent growth in output level across Asia.
- China's final consumption expenditure contributed more than 50 percent to domestic economic growth in 2022, which is low compared with developed countries.