China Lays Out Economic Policy Roadmap for 2020

Caixin Global | Dec 13, 2019 at 8:00 PM
  • China’s top policymakers pledged more-effective measures to ensure stable growth next year as the world’s second-largest economy faces increasing downward pressure amid a continued slowdown and a prolonged trade war with the U.S.
  • Many expect a continuation of moderate monetary and fiscal easing to ensure that economic growth stays in what the statement called a “reasonable range”.
  • Economists at UBS AG, Nomura, BofA Global Research and Macquarie Capital Ltd. expect the government will lower the annual target for gross domestic product (GDP) growth in 2020 to reflect the tougher climate and lack of major stimulus.