July 28 (UPI) – On Thursday, China’s leaders did not sign that a further revival of economic expansion is taking place, as they presented a negative assessment of the economic expansion.
During the meeting, the leaders did not mention the national economic targets that were discussed at their April meeting and noted that the government seeks to downplay the previous expansion target of “around 5. 5%” by 2022.
Despite declining expectations for the national economy, successful provinces have been encouraged to work towards their individual goals.
“With regard to the dating between that of the pandemic and the progression of the economy and society [we must] fix . . . to have a long-term view, especially from a political point of view, to calculate the political cost,” a reading of the assembly said.
The leaders also focused on the real estate market, reiterating that “housing is made to live, to speculate” in the midst of a possible real estate crisis, as thousands of buyers have refused to pay mortgages on apartments whose structure has stagnated.