CITIC Construction Investment: Economic growth in 2022 is expected to exceed expectations – yqqlm

Securities Times e-company news, China Securities Times pointed out that looking forward to 2022, the policy focus will change from the medium and long-term cross-cycle adjustment ideas of preventing risks, adjusting the structure, and promoting upgrading to the idea of ​​short-term stable growth. It is expected to bottom out under the policy recovery, and manufacturing investment will maintain a relatively high growth rate. With the joint efforts of all parties, the recent real estate sales, land purchase, financing and other behaviors have gradually returned to normal, and market expectations have steadily improved. At present, my country’s average two-year growth rate in 2021 is only 5.1%, which is actually significantly lower than the potential level. There is still a low base effect, and there is still room to move closer to the potential level. According to our estimate of 5.9% year-on-year GDP growth in 2022, the average three-year GDP growth rate is 5.4%, which is not overestimated (the potential three-year average growth rate under normal economic operation should be 5.7%). Compared with the potential level There are still gaps.