CRU: National People's Congress 2019: The Year of Lower Growth and Modest Stimulus

This year's NPC has drawn attention given the US-China trade war, which has raised concerns about the pace of slowing growth in China, and the global economy more generally. The latter arising because China is the world's second largest economy, which has close trade and confidence links to many other economies in the world.

This year's NPC has drawn attention given the US-China trade war, which has raised concerns about the pace of slowing growth in China, and the global economy more generally. The latter arising because China is the world's second largest economy, which has close trade and confidence links to many other economies in the world.

The important questions facing our clients are:

Growth target revised down to 6 – 6.5% in 2019

The Chinese economy grew by 6.6% in 2018, the lowest annual rate since 1990.

The growth target for 2018 was "about 6.5%". The growth target for 2019 has been revised down to the range "6-6.5%". This downgrade to the growth target was widely expected by the market, and it is in line with CRUs expectation and our global economic and industrial forecast.

Read the full story: https://www.crugroup.com/knowledge-and-insights/insights/2019/national-people-s-congress-2019-the-year-of-lower-growth-and-modest-stimulus/

Read more about CRU: http://bit.ly/About_CRU

About CRU

CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.

Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.

CRU employs over 280 experts and has more than 11 offices around the world, in Europe, the Americas, China, Asia and Australia – our office in Beijing opened in 2004 and Singapore in 2018.

When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.

CRU – big enough to deliver a high-quality service, small enough to care about all of our customers.