China News Service, Beijing, March 5th. The opening meeting of the Fifth Session of the 13th National People's Congress was held in Beijing on the 5th. Premier Li Keqiang of the State Council delivered a government work report. Media discussion and analysis.

Many foreign media analysts believe that in 2022, the word "stability" will be the key word for China's economic growth.

On March 5, the fourth session of the 13th National People's Congress opened in the Great Hall of the People in Beijing.

Photo by China News Agency reporter Du Yang

　The economic growth target of around 5.5% attracts heated discussions

　　Agence France-Presse, Reuters, Associated Press and other mainstream media reported the content of the Chinese government work report for the first time, paying particular attention to China's 2022 gross domestic product (GDP) growth target.

　　Japan's Kyodo News pointed out that China's announced economic growth target for 2022 is higher than the 4.8% previously predicted by the International Monetary Fund.

　　Previously, many foreign media have forecasted China's economic growth target in 2022.

Saito Shoto, chief researcher of Japan's Daiwa Research Institute, said that the expected growth target of China's GDP in 2022 is likely to be set at "above 5.0%", and believes that "this threshold is definitely not low."

　　Reuters quoted analysts as saying that the 5.5% target is not easy to achieve, mainly depends on whether the infrastructure can work ahead of schedule.

On December 29, 2021, a reporter from China News Agency aerially photographed the construction site of the Xiong'an Huawangcheng project.

Photo by China News Agency reporter Han Bing

　　The analysis believes that setting a target of 5.5% and considering the need to stabilize employment, protect people's livelihood and prevent risks, but it is indeed challenging.

Of course, this goal is not unattainable, and it is still in the potential growth range. In the case of increasing internal and external uncertainties, governments at all levels need to make efforts and have the support of macro policies.

　　According to Peng Ailuo, chief economist for Greater China at ING, it is very important for China to set a GDP growth target, which will provide guidance for companies.

"Without the guidance of this goal, (China's) economic entities will lose their way," Pang said.

"Stable" becomes a keyword

　　In addition, foreign media believe that the word "stability" is the key word for China's economic growth in 2022.

　　The US "New York Times" quoted the content of the government work report and pointed out that "this year's work must adhere to the stability of the word and seek progress while maintaining stability."

　　The US "Wall Street Journal" also mentioned in the report that the government work report pointed out that the risks and challenges facing China's development this year have increased significantly. The GDP growth target is set at about 5.5%, mainly considering the needs of stabilizing employment, protecting people's livelihood and preventing risks. , and with the average economic growth rate in the past two years and the requirements of the "14th Five-Year Plan" plan.

　　The Wall Street Journal also quoted the report as saying, "This is medium-to-high growth on a high base, reflecting initiative and requiring hard work to achieve."

Next, what will China do?

　　Saito Shangden believes that under the circumstance that economic stability is the top priority, the economic support policies issued by the Chinese government have attracted much attention.

　　Reuters quoted experts as pointing out that under the keynote of stability, the focus of policy focus on "six stability and six guarantees" has attracted much attention.

At the press conference held by many Chinese ministries and commissions on the eve of the Two Sessions, they all introduced their efforts to stabilize growth without exception.

　　In the past two weeks, the heads of various Chinese government departments have mentioned more economic support measures, especially for small businesses and consumers, according to CNBC.

　　Singapore's Lianhe Zaobao also paid close attention to the "highlight" of China's "two sessions" -- the government work report.

It said in the report that Chinese Premier Li Keqiang pointed out in his government work report that the risks and challenges faced by China's development this year have increased significantly and must 'climb over the hurdles'.

However, he also added that China has accumulated rich experience in dealing with major risks and challenges, and the Chinese economy will definitely be able to withstand the downward pressure, and will continue to grow steadily.

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