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Interim Report on 2019 China's Economic Outlook Analysis and Forecast published in Shanghai

By:Lu YukunFrom:Social Sciences Weekly2019-7-23 14:30

Recently, the Advanced Research Institute of Shanghai University of Finance and Economics published the Interim Report on 2019 China's Economic Outlook Analysis and Forecast published in Shanghai. Tian Guoqiang, Head of the institute, and Huang Xiaodong, Deputy Head of the Institute, gave a general introduction and detailed explanation of the report respectively.

The project team estimated that under the baseline scenario, the real GDP growth rate for the year of 2019 will be around 6.4%, the same as the forecast of the 2018 Annual Report. The adjusted GDP growth rate is 6.1%. Under the baseline scenario, CPI grows by 2.1%, while PPI declines by 0.3%. GDP deflator increases by 1.8%, consumption 8.0%, investment 5.7%, export growth 1.6% and import -0.9%. The CNY/USD exchange rate remains at a level between 6.85-6.95.