year: First, external challenges will be more demanding, according to Global Times China. The global economic downturn and great-power competition have entered new phases, bringing about unprecedented uncertainty to global economic policies. Economic growth has remained in a rational and controllable range this year. 2020 will be a crucial year for China to secure a decisive victory in building a moderately prosperous society in all respects, but the country will face greater challenges, particularly in the following six aspects. This will not only directly impact China through trade, but it will also negatively influence the open economy by undermining market confidence. Second, domestic demand is expected to remain weak and may accelerate the economic slowdown. In 2020, external demand is expected to continue weakening, the global manufacturing industry is set to slump, China-US strategic competition will enter a new stage, and the 2020 US election will bring further uncertainty to the prolonged trade war between the two countries.
(news.financializer.com). As
reported in the news.
Tagged under year, china topics.