China’s GDP grew 2.3% last year, making it the only major economy in the world to achieve positive growth, Wang Yiming, vice chairman of the China Center for International Economic Exchanges (CCIEES), said at the 2021 meeting of the China Development Forum on March 20. This year’s growth target of over 6% reflects China’s pursuit of higher quality, more efficient and more sustainable growth. It also leaves room for dealing with uncertainties, preventing risks and carrying out structural reforms.
As China’s economy gradually returns to normal, the normalization of macro policies has also been put on the agenda, Wang said. Given the structural differences in economic recovery and the difficulties faced by small, medium and micro businesses, we will maintain the necessary macro policy support for economic recovery, refrain from making sudden changes, and strike a proper balance between stabilizing growth and preventing risks.