21 February 2020

Economist sees China growth at 8% next year, CNS says

Former World Bank chief economist Lin Yifu {林毅夫} said China’s economy is expected to grow 8 percent next year, China News Service reported Sunday. An economic slowdown in the past 13 quarters was mainly due to global economic cycles rather than domestic problems, Lin was quoted as saying. He said China could achieve 7.5 percent to 8 percent growth by raising domestic demand, adding there is still room for investment.

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