In 2018, China reported a growth rate of 6.6 per cent with a nominal GDP size of 90 trillion yuan (US$13 trillion). Photo: AFP

China can handle much slower GDP growth rate and still create enough jobs, government economists say

  • The headline gross domestic product (GDP) growth rate slowed to 6.2 per cent in the second quarter of 2019, the lowest figure since records began in March 1992
  • Risks are growing that it could slip below 6.0 per cent next year which would fall outside of the government’s target range of between 6 and 6.5 per cent for 2019
Topic |   China economy

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In 2018, China reported a growth rate of 6.6 per cent with a nominal GDP size of 90 trillion yuan (US$13 trillion). Photo: AFP
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.