Thursday , June 24 2021

The growth of China decreased to 6.3% in 2019, according to economists



Photo of Chinese flags near a corporate building in & # 39; Hong Kong. 6 & # 39; July, 2018. REUTERS / Bobby Yip

SHANGHAI (Reuters) – The economic growth of China will be 6.6 percent this year and decline to 6.3% in 2019, while the Asian giant faces trade-related challenges and structural reform, said. f & # 39; & # 39 report, economists at Renmin University in & # 39; Beijing.

The forecast, published by the service & # 39; the news & # 39; Chinese Academy of Social Sciences on Saturday, is in line with the average forecast & # 39; poll & # 39; 73 economist conducted by Reuters last month.

Beijing is under increasing pressure from its trade war with the United States.

But economists warned in the report that China will continue to face difficulties even if tensions with the US have been resolved, due to the deterioration of the global business environment, the decline in export growth and the currency depreciation.

The Gross Domestic Product of China (GDP) grew by & # 39; 6.5 percent year on year in the quarter & # 39; in September, less its expansion in 2009, and Beijing tried to encourage commercial banks to boost lending to private companies and take measures to alleviate the financial problems of companies.

Economists have argued that China needs a new set of & # 39; structural reforms. They also predicted that 2019 will be crucial in restructuring the country's economy and its long-term transition to a pattern & # 39; further slow growth and & # 39; highest quality.

The report said that next year will also see a rebalancing of the Chinese foreign trade, with a likelihood that imports increased by & # 39; 16.1 per cent, compared with & # 39; increase & # 39; 6.1 percent in 2018.

In addition, the report indicates that spending Chinese consumers can & # 39; & # increased by 39, 9 percent the next year, that goes beyond global growth.

Information by David Stanway; Edited in Spanish by Javier Leira


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