torsdag 2. januar 2020

Year Ahead: China Mulls More Steps to Spur GDP

As China faces another year of slower economic growth, the government is preparing "contingency plans" that could have a significant impact on energy use and the environment. On Dec. 12 at the close of its annual central economic work conference, the Communist Party of China (CPC) and the government issued a statement calling for unspecified measures to prevent a further fall in growth rates in the coming year.

"The global economy continues to slow down, the world is still undergoing in-depth adjustments due to the global financial crisis, profound changes are accelerating, and sources of turbulence have substantially increased," said the statement cited by the official Xinhua news agency.