The Research Institute of the Bank of China issued its economic and financial outlook report for China for the fourth quarter of 2019 on September 25, forecasting that China’s economic development will stabilize in the fourth quarter, while GDP in 2019 will increase by 6.2 percent year on year.
According to the outlook report, in the fourth quarter China’s investments in infrastructure construction will see a rising trend as next year’s new special-purpose borrowing will likely be brought forward to October this year. However, the growth in investments in the manufacturing industry and real estate industry will slow down due to comparatively low new order levels in the manufacturing industry, tightening restriction policy, and financial tightness in the real estate market.