According to economists, at the beginning of next year, the Chinese government is likely to announce additional fiscal stimulus that can stabilize economic growth in the country.
Meanwhile, economists expect restrictions in the real estate sector to remain, but at the same time note that next year there will be fewer surprises in the field of regulation compared to 2021.
"Fiscal policy is likely to be key in supporting economic growth in 2022, while housing policy is likely to undergo only "fine tuning"," said Ding Shuang, economist at Standard Chartered Plc.
In recent months, the crisis in the real estate market, reduced consumption and outbreaks of Covid-19 have contributed to a slowdown in economic growth, while it is expected that the difficult situation in the real estate sector will continue to put pressure on the economy.
Meanwhile, economists at Barclays Plc believe that the Chinese government's countercyclical policy should help ease market concerns about a sharp slowdown in economic growth.
In general, economists expect GDP growth of 3.1% in the 4th quarter compared to 4.9% in the 3rd quarter. The official GDP growth target for 2022 will be announced only at the annual meeting of parliament in March, and analysts predict that the authorities will do more to ensure growth of about 5%.