Citi Private Bank’s Li-Gang Liu says the recent “quasi-lockdowns” in major Chinese cities will affect the Chinese economy.
Mr. Liu said there is a “great risk” when it comes to China’s current GDP target, especially when major manufacturing cities such as Shenzhen are in lockdown.
“We think, at this moment, the government has set a rather ambitious gross target at five point five percent,” he told Sky News Australia.
“The Chinese government may need to take a different, more effective approach in dealing with the outbreaks.”
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