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The Chinese Academy of Social Sciences released a blue paper on the economy in 2019 on Monday, predicting that China's GDP growth rate will be around 6.4% in 2019, down 0.2 percentage points from 2018. In terms of the growth rate of global productivity, labor supply and capital formation, it is calculated that China's potential economic growth rate will continue to decline in 2019.
The report also puts forward a series of policy recommendations, including trade frictions between China and the United States. It suggests that consultations and negotiations be strengthened to avoid further escalation and intensification of trade frictions between China and the United States. Strengthen innovation and promote a new round of reform and opening up. We will promote tax reform and further reduce macro-tax burden.
The report forecasts other indicators for 2019, including fixed investment of more than 80 trillion yuan, nominal growth of 5.6%, real growth of 0.4%. Consumption exceeded 43 trillion yuan, with nominal growth of 8.4% and real growth of 6.0%. CPI index is 2.5, PPI is 2.6.


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