According to Caixin, analysts anticipate that the Chinese government will lower the country’s economic target growth rate for the year to 6%-6.5%, compared to the 6.8% for 2018.
Maintaining China’s GDP growth will be a pressing matter for the government in 2019. Caixin speculated that along with a lower target GDP range, announcements would be made at this year’s National People’s Congress session regarding tolerance for fiscal deficit and more tax cuts.
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