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“The key factors in our GDP growth forecast include COVID-19's impact on domestic demand, as well as overseas demand; the tightness of the supply chain, such as via high freight costs and the shortage of semiconductor chips. The property market is now undergoing massive M&As [Mergers and acquisitions], and the main potential buyers should be state-owned developers. We expect proactive fiscal policies, such as building more infrastructure projects and loosening monetary policies through cutting interest rates, to support the economy.”
11 Feb 2022
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