China's economic growth expected to be higher in H2 than in H1
2 Sep 2022 17:04 reported by Mike Lo
China's GDP grew by 0.4% in the second quarter due to repeated epidemics and a downturn in the real estate market. The epidemic has been under control, and policies have continued to be released to boost the economy.
China has invested RMB 300 billion in supporting projects in critical areas of infrastructure. China's infrastructure investment will increase by 10% to 12% in the year's second half, and the full-year infrastructure investment will increase by more than 10%.
As the epidemic situation improves, income and employment will recover, and consumer confidence will gradually rebound. As a result, China's economic growth in the second half is expected to be higher than that in the first half.
Back to Steel News