China’s Economic Officials Defend 5% Growth Target with Potential Liquidity Boost
By
Liang Xinyu
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
China’s top economic officials are standing firm on the nation’s plan to achieve around 5% economic growth this year, despite skepticism from some economists. Pan Gongsheng, governor of the People’s Bank of China, mentioned the potential for a liquidity boost by cutting the reserve requirement ratio for banks to encourage lending. Meanwhile, Zheng Shanjie, chairman of the National Development and Reform Commission, expressed confidence in the country’s growth outlook, emphasizing that the GDP goal is achievable with concerted effort.