Chinese Economy will remain resilient in 2020

Against the background of medium-and long-term economic structural adjustments, China’s economic growth is likely to decline next year, too, but considering the economy’s resilience and capability for short-cycle policy regulation and hedging, the economic slowdown will be manageable.

From a short-term perspective, China’s trade surplus is on the wane hence its contribution to economic growth is weakening. Rising populism in some developed economies, the slowing of global trade growth and the prolonged trade disputes between Beijing and Washington will add to the downturn pressure on China’s exports and industrial chain, which could further weaken the contribution of trade surplus to economic growth.