The escalation in trade tensions between China and the

2019年6月1日

上海楼凤

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he United States, may lead to weaker business confidence and slower

global trade growth, which is expected to weigh on investment and exports in 2020. But in the n

ear term, as China shows positive surprise in GDP growth in the first quarter, and the macroeconomic policies hav

e taken effects on stabilizing the growth, the GDP growth rate is likely to stay at 6.2 percent, the report said.

“In response to the growth moderation and less favorable external conditions, the government in

troduced a fiscal stimulus emphasizing tax incentives,” said Martin Raiser, World Bank Country director for China.

“While the central government has fiscal space to further increase spending, if necessary, the additional stimulus should be ap

propriately funded either directly at the central level or through additional fiscal transfers to the provinces. Highe

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