China will be able to achieve its long-term goal of doubling gross domestic prod...
BEIJING - China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak, an influential economist at a top government think tank said on Wednesday.
“Although the temporary impact caused by the epidemic will slightly reduce the growth rate and other development indicators, it will not delay the fulfillment of the goal of building a moderately prosperous society,” Cai said. Analysts believe growth could decelerate sharply by 2 percentage points or more from a 6% expansion in the last quarter, but they say business and consumer activity could rebound sharply if the outbreak peaks soon, much like the pattern during the SARS epidemic in 2003.
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