China's growth outlook bright even beyond 2020

Despite the US-triggered trade war, China's economic prospects remain in line with 2019 expectations and are likely to continue in 2020 thanks to deleveraging and structural reforms. A year ago, I predicted that China could achieve 6.2 percent GDP growth in 2019 if policymakers sustained higher-quality growth while reducing debt accumulation. This scenario has proven pretty valid so far.

Recent international headlines have projected "sub-6 percent growth" in 2020 for China, assuming weakened consumption, cautious private investment and shrinking exports. In reality, China's slowing growth is in line with long-term expectations. Even half a decade ago, the International Monetary Fund said China's annual growth would be 6.1-6.2 percent by 2020. The minor deviation can be attributed to the trade war.

In 2020, the final figure may likely be 5.8-6 percent, though.

China's growth outlook bright even beyond 2020

China's growth outlook bright even beyond 2020

China's growth outlook bright even beyond 2020

China's growth outlook bright even beyond 2020

China's growth outlook bright even beyond 2020