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China says it will do 'utmost' to achieve best possible economic results

China says it will do 'utmost' to achieve best possible economic results

Reuters · 07/28/2022 05:09
China says it will do 'utmost' to achieve best possible economic results

- China will keep economic operations within a reasonable range and do its utmost to achieve the best possible results for the economy, state media said on Thursday, following a meeting of a high-level decision-making body of the Communist Party.

China will also stick to its "dynamic" zero-COVID policy while seeking to stabilise employment and prices in the second half of 2022, state media reported, after the 25-member Politburo chaired by President Xi Jinping met to assess the economy.

China is expected by analysts to miss its 2022 economic growth target, of around 5.5%, for the first time since 2015, with its $18 trillion economy battered this year by extensive COVID curbs including full lockdowns of cities like Shanghai.


(Reporting by Ryan Woo and Ellen Zhang; editing by Philippa Fletcher)

((Ryan.Woo@thomsonreuters.com;))