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Economy

China GDP forecast to grow 5% in 2022: Nikkei survey

Beijing seen falling short of 5.5% growth target amid COVID rebound, Ukraine war

Many economists voiced concerns about the effects of China's prolonged zero-COVID policy on the economy.   © Reuters

HONG KONG -- China's economy is expected to grow 5% in 2022, according to an average of forecasts from 30 economists in a March survey by Nikkei and Nikkei Quick News.

The spread of COVID-19 and soaring energy prices triggered by the Ukraine crisis are causing headwinds, casting uncertainty on China's official growth target of "around 5.5%" for 2022.

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