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China’s economy could grow 8-9% in 2021 – Adviser to the People’s Bank of China

Liu Shijin, a policy advisor to the People’s Bank of China, said on Friday that the Chinese Gross Domestic Product growth could be 8 to 9% in 2021.

However, the high growth rate would be the result of the low 2020 baseShijin added, according to Reuters. China’s economy grew 2.3% in 2020.

According to Shijin, an average growth of around 5% over the two years (2020, 2021) would be a good result.

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