Quarterly review of China’s economic trends and developments
KPMG China has released the latest Q3 edition of the China Economic Monitor (CEM). The new issue analyses the latest trends in the macro economy and recent regulatory changes. China’s economic growth slowed further in the second quarter of 2019. GDP grew 6.2% in Q2, 0.2 percentage points lower than in Q1. It grew at 6.3% in the first six months, 0.3 percentage points lower than the 2018 annual growth rate.
With weakened internal and external demand, we expect China’s economy to slow further in the second half of 2019. The government will very likely pursue more intensive measures to counter sluggish economic growth, including proactive fiscal policy and accommodative monetary policy. In the long run, China should continue pushing forward its reform and opening-up to lower market entry barriers and boost firms’ confidence to achieve long-term growth.
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