The string of weaker-than-expected macro data released recently out of China has triggered concerns the world’s second-largest economy is facing the brunt of the trade war with the US.
However, a researcher with the State Council’s Development Research Center sees Chinese maintaining a stable and positive economic trend despite a complicated domestic and external environment.
Zhang Liqun, a researcher with the State Council’s Development Research Center, in a written article published in People’s Daily, said, “challenges still exist including changes in the external environment and corporate financing difficulties. However, these will not change the stable and positive trend, and financial risks are controllable as China’s macro-control policies will gradually take effect.”
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