Despite US tariff wars, Chinese economic prospects remain in line with 2019 expectations and are likely to prevail in 2020, due to deleveraging and structural reforms.
A year ago, I projected that in 2019, Chinese GDP growth could achieve 6.2% in full-year growth if policymakers can sustain higher-quality growth while suppressing debt accumulation. This scenario has proven pretty valid so far.
Recent international headlines have projected "sub-6% growth" in 2020 China, assuming weakened consumption, cautious private investment and shrinking exports. Such projections have been reported as a negative turn. In reality, Chinese growth deceleration is