China potential economic output may grow 5%-5.7% over 5 years: central bank working paper

FILE PHOTO: People walk past an office and commercial complex in Beijing's Central Business District (CBD)
FILE PHOTO: People walk past an office and commercial complex in Beijing's Central Business District (CBD), China March 15, 2021. REUTERS/Tingshu Wang/File Photo

March 26, 2021

BEIJING (Reuters) – China’s potential economic output is expected to grow 5%-5.7% over the next five years, according to a central bank working paper published late on Thursday.

In China’s 2021-2025 economic plan unveiled this month, the government did not include any average annual growth targets to allow more room to account for uncertainties and respond to changes.

China has set a 2021 gross domestic product target of more than 6%.

(Reporting by Stella Qiu and Ryan Woo; Editing by Edwina Gibbs)