Better quality growth ahead
By Li Xiang and Chen Jia | China Daily | Updated: 2017-11-30 07:46
GDP will moderate to 6.5% next year, amid robust consumption and exports
China will see softened growth in the coming quarters due to tighter credit conditions and the deceleration of property and infrastructure investment, but growth quality will improve due to robust consumption and exports, economists said on Wednesday.
The country's GDP growth will moderate to 6.5 percent next year and fall further to 6.3 percent in 2019 as policymakers step up industrial capacity cuts, leverage controls and property curbs, according to Robin Xing, chief China economist with Morgan Stanley Asia Ltd.
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