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  World Bank expects slower growth in China | News | Bit Updates
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World Bank expects slower growth in China | News

Tuesday, December 19th, 2017 | bitcoin updates

PEKING (dpa-AFX) – The World Bank expects slower growth in China over the next two years. With the expected reduction in debt, the world's second-largest economy will grow by 6.3 percent in the new year and by 2019 in 2019, the World Bank predicted on Tuesday in Beijing. Expectations for the expiring year have been revised upwards from 6.7% to 6.8% growth. "Cautious monetary policy, stricter control of the financial sector, and continued government efforts to restructure the economy and control the speed of debt "It's likely to slow growth," a World Bank statement said. The recovery of global trade has been an important factor in supporting economic activity this year, the World Bank noted. The confidence of the companies has improved. Job creation is lively. The capital outflow has stabilized. The Chinese currency also appreciated against the US dollar. The government had actually set 6.5 percent or more as a growth target, while in the first three quarters surprisingly even 6.9 percent had been achieved. "Favorable economic conditions make this time particularly suitable for further narrowing down macroeconomic vulnerabilities and pursuing reforms," ​​said World Bank economist Elitza Mileva. The goal, as stated by party leader Xi Jinping at the October party congress, must be "better quality Mileva./lw/DP/tav said, "More efficient, fairer and more sustainable development"


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