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China’s GDP growth will not fall below 6.1% in 2019 and is expected to stay above 6% in 2020, the Shanghai Securities Journal reports cited Sheng Songcheng, a councillor in the Shanghai municipal government, on Monday.

Key Quotes:

“While investment growth hit a historic low in 2019, high-tech investment growth accelerated to 14.1% y/y in the first 11 months, 8.9 percentage points faster than total investment.

Investment in high-tech industries will account for more than 30% of overall investment in five years, and more than 50% in ten years.”

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