China Plans 'Great Efforts' to Consolidate Economic Recovery
Jumat, 22 Juli 2022 | 22:29 WIB
ILUSTRASI. China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter. REUTERS/Dado Ruvic/Illustration
KONTAN.CO.ID -BEIJING. China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state media reported on Friday after a regular cabinet meeting.
The world's second-biggest economy narrowly missed a contraction in the second quarter, growing just 0,4% year-on-year, weighed down by Covid-19 lockdowns, a weak property sector and cautious consumer sentiment. The government has set a 2022 growth target of around 5,5%.
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