Investment strategist Andy Rothman believes China will not roll back on the road to a market economy. Photo: Youtube

China’s lack of ‘policy pragmatism’ biggest threat to long-term growth, veteran economist says

  • China watcher Andy Rothman says government must continue to take the serious steps the Chinese economy needs
  • San Francisco-based strategist for investment fund Matthews Asia believes gross domestic product growth is ‘the least important’ indicator in measuring performance
Topic |   China economy

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Investment strategist Andy Rothman believes China will not roll back on the road to a market economy. Photo: Youtube
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The publication of the World Bank’s new forecasts came as a top-level Chinese delegation led by Vice-Premier Liu He is due to meet their American counterparts later on Thursday in Washington for a new round of talks in hopes of easing trade tensions. Photo: Bloomberg

China’s growth outlook cut by World Bank as US trade war continues to weigh on economy

  • The Washington-based World Bank cuts China’s 2019 gross domestic product forecast to 6.1 per cent, just above the bottom-end of the government’s target range
  • China’s headline growth forecast for next year is also cut by 0.3 percentage points to 5.9 per cent, with the World Bank predicting a drop to 5.8 per cent in 2021
Topic |   China economy

TOP PICKS

The publication of the World Bank’s new forecasts came as a top-level Chinese delegation led by Vice-Premier Liu He is due to meet their American counterparts later on Thursday in Washington for a new round of talks in hopes of easing trade tensions. Photo: Bloomberg
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