Economy Cushioning: Economy and Trade War

economy cushioning: Macro policies have always played a peculiarly important role in preventing the economy from a hard landing in the past 40 years, and in 2020, Beijing is expected to utilize its multiple macro policy tools to make sure the economy grows at an annualized 6 percent growth rate, according to Global Times China. Domestic spending power and infrastructure investment will continue to be the two prime catalysts for driving up the economy and cushioning it from a precipitous fall. Whether the whipsaw of the bruising trade war with the US will wind down and stop remains unknown, it is imperative for China to shore up its fundamentals in the new year if the world's second largest economy wants to avert big bumps. China's retail sales in November, which attained an 8 percent growth, are indicative of the strong spending ability of Chinese consumers. In 2020, the decision-makers in Beijing are anticipated to significantly increase investment into two other spheres - basic sciences and technological innovations, as well as fortifying financial systems. At the same time, the government is investing tens of billions on expressways, tunnels, high-speed railways and sprawling cities throughout the nation. (news.financializer.com). As reported in the news.