(Jan 8): China’s economic growth will return to its “normal” path as Beijing provides more financial support to households and private companies to help them recover after the nation ended its zero-Covid policy. Guo pledged to use financial policies to boost the income of people affected by Covid outbreaks to meet basic demands and enhance consumption. The financial sector should also develop products that will encourage home and car purchases, he said. The Chinese yuan, Guo said, will continue to fluctuate but will continue appreciating in the mid to long term. Meanwhile, the country needs to stay on high alert for imported inflation even as domestic prices remain stable, he said.
