Last checked at 6 Mar 2022 17:12
Sunday newspaper round-up: China, Russia, Property prices
(Sharecast News) - Chinese policymakers are targeting the slowest rate of growth for their economy this year since 1991 in the wake of Russia's invasion of Ukraine. At the opening of the National People's Congress, Premier Li Keqiang said the government's target for GDP growth in 2022 had been set at 5.5% and promised to increase fiscal spending, including on defence. For their part, private economists anticipate that the People's Bank of China will cut interest rates, even as western countries do the opposite in order to brake price growth. Nevertheless, Beijing's target is higher than the International Monetary Fund's own for growth of 4.8%. - The Sunday Times
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