Goldman Sachs expects China's economy to grow 7.5% in 2021, CICC predicts 9% growth

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The world's second largest economy is expected to grow by 7.5 per cent in 2021 driven by a strong rebound in domestic consumption, Goldman Sachs estimated in its research note on Thursday.

That would be the fastest growth since 2014, but lower than market consensus of 8 per cent expansion.

Goldman Sachs said its projection was based on assumption that China's economic policy will return to normalcy next year. As the demand in the private sector gradually recovers, China's economic policy will return to normal in 2021, the government fiscal deficit . . .

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