Despite U.S. trade wars, China will stick to its growth target and fiscal easing in the short-term, deleveraging in the medium-term and rebalancing in the long-term. That's the message of Premier Li's report. Released on Monday at the annual session of the National People's Congress ((NPC)), Premier Li Keqian's annual work report sets the general tone for the 2019 economic policies.
In 2019, China has set a lower, flexible economic growth target at the range of 6.0% to 6.5%, while raising its tolerance of fiscal deficit at 2.8% of GDP. The point about the GDP