BOC has stable outlook for GDP growth in 2019

Bank of China Ltd forecast that gross domestic product in China will grow by 6.5 percent in 2019, 0.1 percentage point lower than the estimated full-year GDP growth this year.

"Faced with new economic challenges, Chinese authorities have taken a series of strong policy measures which will take effect gradually and will be favorable for steady economic growth next year," said the nation's fourth largest State-owned commercial lender by assets in a report released on Wednesday.

China has adopted a more vigorous fiscal policy and accelerated local government bond issuance. Next year, the country will speed up implementation of major projects according to the 13th Five-Year Plan (2016-20), use the funds raised through local government debt and public-private partnerships for these projects as soon as possible, and attract private investment in the projects.