BEIJING: China is expected to roll out more policy support to boost the confidence of both public and private investment and help better unleash consumption potential to realise steady and healthy economic growth for 2021, experts and industrial insiders said.
A report issued on Sunday by Tsinghua University’s Academic Centre for Chinese Economic Practice and Thinking said China’s gross domestic product is expected to expand by 8.2% year-on-year in 2021, investment in fixed assets will continue to climb and the recovery of consumption will be relatively slower.In response to the global trend of rising commodity prices and its possible impact on the domestic economy, the report said, such price surge is likely to be mild, because of speedy vaccination progress in many advanced economies in the latter half of the year, and will not strongly affect consumer prices or cause domestic inflation.
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