December 11, 2021

China's economy could grow around 6 percent in 2022, a year in which the economic calendar is set to be punctuated by major events including the Beijing Winter Olympics and the 20th Communist Party of China (CPC) National Congress, former vice commerce minister Wei Jianguo said Saturday at the Global Times Annual Forum.

The resilience of the economy, underpinned by its success in containing the pandemic, and a pathway for China to unseat the US in economic terms at a quicker pace despite the shadow of US decoupling efforts, were some of the key takeaways from the Global Times' annual forum.

The remarks were seen a shot in the arm for the economy, which according to the annual Central Economic Work Conference that concluded on Friday, is expected to face major challenges over the next twelve months-shrinking demand and supply crunch to downward pressure on economic prospects.

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