In China’s state-led growth model, the drive from local authorities is important, and the shared desire among local authorities for accelerated economic growth in 2021 is not hard to understand as they are trying to make up lost time after the disruptions in early 2020. Photo: EPA-EFE
In China’s state-led growth model, the drive from local authorities is important, and the shared desire among local authorities for accelerated economic growth in 2021 is not hard to understand as they are trying to make up lost time after the disruptions in early 2020. Photo: EPA-EFE
Zhou Xin
Opinion

Opinion

Zhou Xin

China’s state-led growth model to intensify in 2021 as ambitious provinces lay out growth targets

  • China is celebrating its 2.3 per cent economic growth rate in 2020 having bounced back from the impact of the coronavirus at the start of the year
  • Over the last few days, China’s provinces have outlined their economic and social development plans for the year ahead, including growth rate targets

In China’s state-led growth model, the drive from local authorities is important, and the shared desire among local authorities for accelerated economic growth in 2021 is not hard to understand as they are trying to make up lost time after the disruptions in early 2020. Photo: EPA-EFE
In China’s state-led growth model, the drive from local authorities is important, and the shared desire among local authorities for accelerated economic growth in 2021 is not hard to understand as they are trying to make up lost time after the disruptions in early 2020. Photo: EPA-EFE
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