It is said that Chinas growth target this year may be set at 6 % to boost invest

(Beijing Comprehensive News) Sources said that China's economic growth target this year may be set up as high as 6 % to boost the confidence of investors and consumers.

According to Reuters on Thursday (March 2), four sources said that China's growth target this year may be set up as high as 6 %; other three sources said that China will set the growth rate at 5 5 to 5% To 5.5 %.

The above numbers were optimistic than last November. At that time, the Chinese government's consultants suggested that the target of 2023 economic growth was set to 4.5 % to 5.5 %.This also shows that optimism in the Chinese policy circle is rising.

A source said that China may set the target of economic growth at 5 % to 6 %, because China must "fight for economic recovery, boost employment and increase confidence."

Another suggestion of the proposal to put forward a slightly low growth goal is cautious that the real estate industry is still falling, and foreign trade may also drag this year's economic growth.

China will announce the economic growth target of 2023 at the National People's Congress of March 5th, and the ultimate goal may be a range.

Affected by the crown disease epidemic, the downward settlement of the real estate market, and the slowdown of global demand, the Chinese economy increased by only 3 % year -on -year in 2022, far lower than 5.5 % of the official goals.

Analysis: The data is very optimistic this week

The latest data show that the speed of China's economic recovery exceeds expectations.According to data released by the National Bureau of Statistics on Wednesday, the manufacturing procurement manager index in February was 52.6 %, an increase of 2.5 percentage points from the previous month, which is the highest level in more than 10 years.

Peng Zhiluo, an economic analyst at Greater China in the Netherlands Group in Hong Kong, said that the data released this week is very optimistic, so that the Chinese government has full reasons to set up high growth targets of 5.5 % to 6 %.

Economist Yu Yongding, an economist who had been a consultant of the Central Bank of China, said: "Considering that the base was low last year, this year's growth increased by more than 6 %."