ZCZC
BCN-16
CHINA-ECONOMY-GROWTH-FORECAST
China’s growth forecast at 6.1 pct for 2020: report
BEIJING, Dec 1, 2019 (BSS/Xinhua) – The annual growth rate of China’s
economy is projected at 6.1 percent, according to a report by the Bank of
China (BOC).
“The overall verdict is cautiously optimistic,” the BOC Research Institute
said in the Report on Economic and Financial Outlook for 2020.
China is facing growing complexities with more risks and challenges from
both home and abroad, said the report.
In terms of pro-growth policies, the report underscored the importance of
policies to further stabilize the economy.
In the bigger picture, the report has forecast global economic growth to
hit 2.6 percent for 2020, a new low in recent years, with an obvious downward
trend.
Sci-tech development and new economic industries represent the future of
the global economy, said the report, stressing the necessity to strengthen
global cooperation in innovation and investment to push the real economy out
of its low ebb.
BSS/XINHUA/HR/1510