Saturday , May 8 2021

Financial targets for China's commercial war 2019

According to experts consulted by Reuters, the world's second largest economy does not exceed 6.5% growth in 2019 and may fall to its lowest level since 1990.

Within a few days of the key Central Economic Labor Conference organized by the Chinese government this week, experts will advise Xi Jinping's administration predicts the slowdown of the second-largest economy in the worldl partly because of the trade war with the United States.

The leaders of the Communist Party meet this week behind closed doors to reflect on measures for next year. The meeting could be held on Wednesday, the day after the Xi's speech to celebrate the 40th anniversary of the country's trade negotiations.

The conference will not lead to the announcement of economic goals, which will usually take place at the inauguration of the Parliamentary Session in early March.

However, it is estimated by the advisers to the Reuters Board GDP growth would be between 6 and 6.5 per cent in 2019, less than 6,6% a year. For its part, the Chinese Academy of Social Sciences, State Training Center has been anticipated an increase of 6.3% next year, which would be the lowest since 1990.

The trade war with the United States is one of the factors that will lead to slowdown but will be added to greater government oversight by debt. Landmasters and analysts have called for acceleration of reforms to further open the private sector under state control.

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