China’s economic rebound in 2021 has largely been driven by strong export growth, while the recovery of domestic demand has been lagging. By contrast, the rebound of consumption has been relatively weak. This report explains 10 prevalent trends that will shape China’s macro economy in the coming year.
As the pandemic is gradually put under control and the government is tweaking fiscal and monetary policies to make them more flexible and targeted, we expect China’s economy to continue to recover and the growth driver to shift more from external to internal in 2022. We expect mainland China’s GDP to grow 5.2% in 2022.
In particular, we anticipate 10 trends for macro economy next year: