China’s National Institutions for Finance and Development (NIFD) has in its latest report stated that China’s gross domestic product (GDP) is expected to rise by 6.1 percent in 2019, remaining within the annual target range of 6.0-6.5 percent.
Against the background of the slowdown in the global economy, China’s exports will be negatively impacted, but the effect of the counter-cyclical adjustment measures taken so far by China will be fully seen in the first quarter of next year. The NIFD also said it expects that China’s GDP will increase by 5.8 percent in 2020.