China's macro economy under the trade war and deleveraging
——Xiao Lisheng, Institute of World Economics and Politics Chinese Academy of Social Sciences

Xiao Lisheng, Institute of World Economics and Politics Chinese Academy of Social Sciences, delivers his report of China's macro economy under the trade war and deleveraging 

 

Dr. Xiao started with macro economy operation. China's GDP growth rate may keep at 6.2%-6.3% in 2019. Population structure, Sino-US trade war and deleveraging are the major risks that restrain the economic growth. Dr. Xiao made in-depth analysis on China's economic situation, then the investment and diversifications in real estate market, export situations. Export pressure may gradually emerge, due to soft global demand 

Dr. Xiao also analyzes the impact of Sino-US trade war on macro economy, including the background of the trade war. Root for conflict was "Made in China 2025". The situation of Sino-US trade war is severe, but may change. At last, Dr. Xiao talked about the RMB exchange rate. He thinks the RMB exchange rate may become more volatile in Q2, be alert to the risk of exchange rate reform