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20 questions for 2020

By Wang Yiqing, Liu Jianna, Yao Yuxin, Pan Yixuan, Wang Kan and Zhang Zhouxiang | CHINA DAILY | Updated: 2019-12-31 10:55

Q: Will China's GDP growth rate further decline?

A: With policymakers giving top priority to economic stability and job creation, it is expected that China's GDP growth rate this year will basically remain the same as last year at about 6.0 percent.

Through positive fiscal policy and prudent monetary policy, as well as measures that give full play to the fundamental roles of consumption and investment, benign interaction among various sectors is being promoted that will boost both manufacturing and household consumption.

China's infrastructure and manufacturing investment will be boosted by the recovering external demand as well as the government's countercyclical regulation. Domestic consumption upgrading will create more demand for the manufacturing industry, and the positive effects of measures to further open up the economy and the reduction in taxes and administrative fees will become further evident in the coming months.

All these measures will be conducive to improving the efficiency of enterprises and stimulating their vitality.

They will also help to attract foreign investment, stabilize economic growth and strengthen the country's economic growth potential.

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