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China may chalk up more debt as lockdowns hit the economy

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Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target.

Kevin Frayer | Getty Images News | Getty Images

China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy.

The country has signaled in recent weeks that it still wants to meet its growth target of 5.5% this year.

China’s Politburo meeting on April 29 sent a “strong signal that policymakers are committed to this year’s GDP target despite downside risks from COVID-19 disruptions and geopolitical tensions,” ANZ Research analysts wrote in a note on the same day.

To attain the 5.5% target, China may be…



Source cnbc.com

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