Chinese economic fundamentals remain stable
Updated: 2019-01-21 15:58
In 2018, China maintained sustained and sound economic development and overall social stability. In 2019, the fundamentals of the Chinese economy remain stable, and the momentum of transformation, upgrading and structural adjustment will not change, according to the "analysis and forecast of China's economic situation" research group in the Chinese Academy of Social Sciences.
In 2018, the CASS website reported, China responded effectively to profound changes in the external environment while abiding by the requirements of high-quality development. It is estimated that China's annual economic growth will be reported at about 6.6 percent when 2018 figures are totaled, maintaining the nation's healthy development trend.
Facing the more complex international trade relationship and an economic environment in which effective foreign demand is slowing down, China has made great efforts to foster new economic drivers and accelerate the continuous transformation of old drivers into new ones.
According to the country's quarterly macroeconomic model, China's GDP growth rate is estimated to grow 6.3 percent in 2019, down 0.3 percentage points from the previous year. China's economic growth will operate within a reasonable range and employment and prices will remain basically stable in 2019.
In 2018, China maintained sustained and sound economic development and overall social stability. In 2019, the fundamentals of the Chinese economy remain stable, and the momentum of transformation, upgrading and structural adjustment will not change, according to the "analysis and forecast of China's economic situation" research group in the Chinese Academy of Social Sciences.
In 2018, the CASS website reported, China responded effectively to profound changes in the external environment while abiding by the requirements of high-quality development. It is estimated that China's annual economic growth will be reported at about 6.6 percent when 2018 figures are totaled, maintaining the nation's healthy development trend.
Facing the more complex international trade relationship and an economic environment in which effective foreign demand is slowing down, China has made great efforts to foster new economic drivers and accelerate the continuous transformation of old drivers into new ones.
According to the country's quarterly macroeconomic model, China's GDP growth rate is estimated to grow 6.3 percent in 2019, down 0.3 percentage points from the previous year. China's economic growth will operate within a reasonable range and employment and prices will remain basically stable in 2019.
