Chinese economy holding up despite escalating trade war

1 يناير 0001 12:00 ص

Experts say China's economic expansion will maintain its course this year even as the escalating trade war with the United States confronts. The world's second-largest economy is expected to grow by 6.6 percent this year, slightly better than last month's 6.5 percent forecast, the government's official target.

With the United States and China starting to impose tariffs on some of each other's goods, Beijing officials took measures to defend the economic expansion from easing monetary policy to the fiscal policy package announced on July 23.

The percentage of deposits that banks will have to cut at the People's Bank of China will fall to 15 percent by the end of this quarter, by 14.5 percent by the end of 2018 and will fall further in 2020, currently it stands at 15.5 percent for major banks after three cuts so far this year.

Growth is still seen as slower than in 2017 when the economy grew 6.9%. The actions announced this week may help stabilize the growth of fixed asset investment. The third quarter is expected to grow by 6.5% and the fourth quarter by 6.8%.

الأوسمة:

يمكن للاسعار أعلاه ان تكون متأخرة بخمسة ثواني و تخضع لشروط و أحكام الموقع. الأسعار أعلاه إرشادية فقط