Epidemic Won't Restrain China's Economic Growth: CPPCC Members

Li Daokui, a member of the 13th National Committee of the Chinese People's Political Consultative Conferenc, and dean of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua. [Photo provided to chinadaily.com.cn]

Li Daokui

China will not be heading into recession since the country is still in a period of economic growth, and has adequate regulatory tools, said Li Daokui, dean of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua, and a CPPCC National Committee member.

Although there are uncertainties, the country's economy is expected to take a steady path to recovery in the second half of this year following steps in the government work report, Li said.

Li proposed redoubling the middle-income group and expanding market size to substantially improve China's endogenous growth momentum in the economy.

Based on new technologies, 5G, e-commerce and new urbanization, the country's economy is expected to be a bright spot for the global economy, Li said.