Ending the Two Sessions 2019, China announced that it is lowering its economic growth target to 6.0-6.5%, the slowest in nearly 30 years.
China Cuts 2019 GDP Growth Target to 6.0-6.5%, Focusing on All-Round Economic Stimulus and Trade Negotiation with the US
From internal economic restructuring to the risks and challenges from external forces that are increasingly serious and complex, China is redirecting and loosening its fiscal and monetary policies in 2019 to sustain the economic slowdown and to effectively boost economic growth as well as moving forward in constructive trade negotiations with the US to reach an agreement between the two countries.
EIC believes that China could avoid a hard landing by swiftly and continuously implementing their economic policies with the help of various fiscal and financial tools.
No matter which direction the Chinese economy is moving towards, both the world and Thailand’s economies would be affected through trade, investments and tourism.
What is the “Two Sessions”?
Two Sessions 2019 is the most important meeting on the Chinese political calendar. Starting with the Chinese People’s Political Consultative Conference (CPPCC) on March 3, 2019 followed by the National People’s Congress (NPC) on March 5, 2019 and concluded on March 15, 2019.
This particular “Two Sessions” is of distinct interest because, in addition to the report and evaluation of the government’s performance of the past year, the international arena has been paying special attention to the direction of China’s economy as well as its economic and social growth target along with its announcement of 2019…
