China's GDP growth target lowered to 6% in 2019

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The slowdown in the growth of the Chinese economy forced the Chinese authorities to reduce the forecast for GDP growth for the current year. Trade disputes between China and the United States and the decline in domestic demand led to a reduction in the target value of GDP of 6-6.5%, Reuters reports. A new forecast for GDP growth was announced by the authorities at the annual economic conference in December. An official statement on the reduction of the target will be made in March at the session of the National People's Congress. It is expected that the growth of the Chinese economy in 2018 will reach the 1999 minimum with 6.6%.

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