The Strategist

Nikkei: Chinese GDP growth to slow to 5.1% in 2022

12/29/2021 - 08:49

According to economists polled by Japan's Nikkei, China's GDP will expand by 5.1 percent in 2022. Growth is predicted to reach 7.9% by the end of 2021.

faungg's photos
faungg's photos
China's GDP growth has slowed, according to economists, due to issues in the country's real estate market and tighter anti-COVID-19 efforts.

This year, the Chinese economy has already exhibited symptoms of faltering. Growth was 12.7 percent in the first half of 2021, but only 3.3 percent is projected by the conclusion of the fourth quarter.

"Continued real estate market issues and stricter anti-COVID measures will result in below-trend domestic demand in 2022," Nikkei reported Euler Hermes senior economist as saying. "Despite monetary policy easing, the recession might hit the early half of 2022, before the easing measures kick in."