China's GDP goal on track despite virus impact: government economist

China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak, an influential economist at a top government think tank said on Wednesday.

The virus outbreak will only have a one-off hit on the economy and demand will recover quickly, Cai Fang, the vice head of the Chinese Academy of Social Sciences , said in an article in the People's Daily, the newspaper of the Chinese Communist Party."Although the temporary impact caused by the epidemic will slightly reduce the growth rate and other development indicators, it will not delay the fulfillment of the goal of building a moderately prosperous society," Cai said.

A growth rate of about 5.7per cent this year will be enough for achieving the goal of doubling GDP and incomes, Cai said. The government has taken some stimulus measures, including injecting liquidity into the banking system, providing re-lending and fiscal support for some firms, and more steps are expected.

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