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Policy Easing Is Key to Economic Growth – China Daily

The growth rate of the world’s second-largest economy is projected to moderate to 5.1% in 2022, after achieving 8% this year, as predicted, due to a low base


China dominates the market for key minerals used in EV batteries, and it is now pushing ahead with production of sodium batteries, which have the potential to surpass lithium batteries if they can prove as durable in outdoor conditions.
China dominates the market for key minerals used in EV batteries, and it is now pushing ahead with production of sodium batteries, which have the potential to surpass lithium batteries if they can prove as durable in outdoor conditions. Photo: Reuters.

 

China’s economic growth momentum will pick up next year, supported by a moderate policy easing, and rebalancing will become more significant as the country’s development shifts toward a high-quality model, the World Bank said on Wednesday.

The growth rate of the world’s second-largest economy is projected to moderate to 5.1% in 2022, after achieving 8% this year as predicted due to a low base, according to the bank’s China Economic Update report.

Read the full report: China Daily.

 


 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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