1. Xi Jinping made a series of statements to trade negotiations with the United States
2. China reassessed GDP growth in 2018
Today, Chinese leader Xi Jinping made a number of statements regarding the state of the economy and the prospects of the trade negotiations between the United States and China. He noted that the Chinese economy has a large margin of safety and continues to move in the framework of a positive long-term trend. Xi Jinping said that China did not want a trade war and made every effort to avoid it. According to the leader of the PRC interim trade agreement should comply with the principles of equality and mutual respect.
China has revised its 2018 GDP upward by 2.1%. The revision of the data is based on an economic census. At the same time, the National Bureau of Statistics noted that the revision of data for 2018 will not affect the results of 2019. The bureau will continue to review historical data. Recall that in 2018, the Chinese economy grew by 6.6% - a minimum over the past 30 years. In 2019, the country's economy continues to experience serious difficulties amid a trade war between the United States and China. But, according to experts, the growth is likely to remain above 6%. At the same time, according to the latest IMF estimates, in 2020 China's economic growth will amount to 5.8%.