Thursday , September 23 2021

China's growth will slow 6.3% in 2019, according to economists

Chinese flag on some of Hong Kong's corporate buildings. Jul 6, 2018. REUTERS / Bobby Yip

SHANGHAI (Reuters) – China's economic growth will be 6.6% this year and it will slow 6.3% to 2019. While Asian giants face trade challenges and structural reform. Renmin University of Beijing economist report.

The announcement announced by the Chinese Academy of Sciences of Social Sciences announces the average forecast for a survey of 73 economists in Reuters last month.

Beijing is expanding its trade war with the United States.

But economies have warned in the report that China will continue to suffer difficulties, even with tensions with the United States, the deterioration of the global commercial environment, the decline in exports growth and currency depreciation.

China's domestic raw material (GDP) posted an inter-annual growth of 6.5% in September 2009, with the lowest expansion in 2009. Beijing has promoted commercial banks to encourage loans to private companies and mitigate business financing problems.

Economists argued that China needs a new round of structural reforms. Likewise, 2019 was predicted to be critical of the restructuring of the country's economics and long-term transition in the highest quality and high-growth model.

The report said that next year China's foreign trade rebalancing should also be seen, imports are up 16.1% and compared to growth of 6.1% in 2018.

In addition, according to the report, China's consumption expenditure could increase by 9% next year, with overall growth exceeding.

David Stanway's information; Javier Leira published in Spanish

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