The rapid rebound of China's V-shaped economic recovery since the second half of 2020 and improvement in the business environment will continue to make the domestic market attractive for foreign investment, a policy adviser said.
Jiang Ying, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, spoke about economic and other issues she expects to see during the two sessions in March, the annual meetings of China's top legislature and top political advisory body. She said she expects a GDP growth rate for 2021 of about 7.5 percent and a double-digit rate in the first quarter.
The global recovery is starting to speed up enough to boost China's exports in 2021. But investment, which recovered strongly last year, may not see a sustainable boom this year as the government may be reluctant to promote growth by raising the debt level, according to Jiang, who is also vice-chairwoman of Deloitte China, an international consulting company.
Reporters: Chen Jia, Zhang Yi
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