China softens GDP target to a range of between 6-6.5%

Ross J Burland FXStreet

At the annual parliamentary event, Chian has set its growth target range for 2019 at 6%-6.5% 2019 which is giving some more leeway to the downside.

The Jobless rate was set at 5.5% and the CPI growth rate is at 3%.
Will cut VAT 3% to top VAT bracket for 2019.
Sets budget deficit at 2.8% of GDP vs 2.6% in 2018.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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