Guan Tao, global chief economist at BOC Securities, said that the government work report revealed that one of the main expected targets for this year's development is a gross domestic product (GDP) increase of about 5%. The target is the same as last year, and is also in line with market expectations. However, considering that the economic growth rate in 2022 is only on a low basis of 3%, this year's target gold content is higher than last year. If prices rise moderately this year and push the GDP deflator from negative to positive, nominal GDP is expected to once again exceed real GDP.
管涛：5%的经济增长目标基本符合市场预期 今年目标的含金量要高于去年
Guan Tao: The 5% economic growth target is basically in line with market expectations, and the gold content of this year's target is higher than last year
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