2018-11-25
China's economic growth will hit 6.6 percent this year and slow to 6.3 percent next year as China struggles with trade-related challenges and structural reforms, economists said in a report from Renmin University in Beijing.
 
The forecasts released by the Chinese Academy of Social Sciences (CSA) new news service on Saturday night were in line with the average forecast in a Reuters poll of 73 economists last month as China was under mounting pressure from a trade war with the United States.
 
However, experts at the Renmin University School of Economics warned that China would still face difficulties even if trade tensions with the United States were settled as the country suffered from a deteriorating global trade environment, declining exports and devaluation.
 
China's gross domestic product grew 6.5 percent year-on-year in the September quarter, the slowest pace of growth since 2009. Beijing sought to encourage commercial banks to boost lending to private firms and adopted measures to ease corporate finance problems.