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Subject
Prospects for China's economy in 2019.
Significance
China goes into 2019 dealing with US trade policy that is proving far more aggressive than Beijing had expected a year ago, when it was pursuing goals of deleveraging debt, reducing pollution and cutting overcapacity in specific industries, all the while keeping the economy on track for 6.5% GDP growth. Instead, Beijing has had selectively to loosen fiscal and monetary policy and put support for trade and investment ahead of the original goals. It will have to continue to do so while trade frictions persist.
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2018
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