China’s GDP growth for the full year of 2021 will surpass its target, Chinese Vice Premier Liu He said Tuesday in a video message delivered to the Hamburg Summit.
Liu also said the government has strong confidence in China’s economy next year.
China set a gross domestic product growth target of “above 6 per cent” for 2021, after the economy rebounded to 2.3 per cent for 2020 from a historic first quarter contraction of 6.8 per cent due to widespread lockdowns to contain the spread of Covid-19.
China was the only major economy in the world to expand last year as the pandemic ravaged business around the globe.
Looking ahead, the vice-premier said China would cultivate a better environment for small and medium-sized enterprises and foreign companies.
It would also expand market access for overseas firms and promote fair competition, while accelerating the development of “dual circulation” strategy, which aims to tap China’s huge domestic market.
