BEIJING — China's economy is expected to grow by about 5 percent this year, the deputy director of the country's central financial and economic affairs commission said on Saturday.
BEIJING — China's economy is expected to grow by about 5 percent this year, the deputy director of the country's central financial and economic affairs commission said on Saturday.The world's second-largest economy is expected to contribute close to 30 percent of global growth, Han Wenxiu told an economic conference.
China pledged on Thursday to issue more debt and loosen monetary policy to maintain a stable economic growth rate, bracing for more trade tensions with the US as Donald Trump returns to the White House.Government advisers have recommended that Beijing keep its growth target of around 5 percent for next year, Reuters reported last month. But while the stock market anticipates a revival in China's flagging consumption, bond investors are betting the economy will continue to struggle.
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