The Chinese government has predicted economic growth of between 6% and 6.5% in 2019. That's a decline from last year's 6.6% rate of expansion, which was already the country’s weakest performance in three decades.
The Chinese government on Tuesday predicted economic growth of between 6% and 6.5% in 2019. That's a decline from last year's 6.6% rate of expansion, which was already China's weakest performance in three decades."There has been a more complex and severe environment facing our country's development this year," Chinese Premier Li Keqiang said in a speech.
Global economic growth is expected to slow this year, according to the International Monetary Fund. And China, the world's biggest exporter, is expected to suffer from slumping demand."The weakness in the global economy that we anticipate over 2019-20 is due primarily to country-specific factors that we believe will cause each of the world's major economic regions to slow," Neil Shearing, chief economist at research firm Capital Economics, said in a note to clients Monday.
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