Epidemic won't restrain China's economic growth: CPPCC members
By Zhang Jie | chinadaily.com.cn | Updated: 2020-05-28 06:40
Li Daokui
China will not be heading into recession since the country is still in a period of economic growth, and has adequate regulatory tools, said Li Daokui, dean of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua, and a CPPCC National Committee member.
Although there are uncertainties, the country's economy is expected to take a steady path to recovery in the second half of this year following steps in the government work report, Li said.
Li proposed redoubling the middle-income group and expanding market size to substantially improve China's endogenous growth momentum in the economy.
Based on new technologies, 5G, e-commerce and new urbanization, the country's economy is expected to be a bright spot for the global economy, Li said.
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