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Questions and Answers
Quel est le taux de croissance du PIB de la Chine en 2019 ?
Qui a averti que le taux de croissance pourrait tomber en dessous de 6% ?
Quel est le conseil de Yao Jingyuan pour fixer l'objectif de croissance pour l'année prochaine ?
Que recommande Yao Jingyuan pour soutenir l'activité économique ?
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Que recommande également Yao Jingyuan pour soutenir l'activité économique ?
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Selon Yao Jingyuan, quelle est l'avantage politique de la Chine face à la guerre commerciale avec les États-Unis ?
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Qu'a reconnu Yao Jingyuan au sujet des autorités locales en Chine ?
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Comment la Chine a-t-elle réussi à stabiliser l'emploi, la finance, le commerce et les investissements étrangers malgré la guerre commerciale ?
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Study Notes
- China's GDP growth rate has slowed down to 6%, its lowest level in 27 years.
- The economist Yao Jingyuan warns that the growth rate could drop below 6% in the current quarter and next year.
- The Chinese government had set a growth rate target of 6%-6.5% for 2019.
- Yao recommends setting the growth rate target for next year at 6% to ensure employment and business profits.
- Yao suggests increasing the budget deficit to 3% of GDP to support economic activity.
- Yao also recommends lowering interest rates and reserve ratios for banks.
- Despite the trade war with the US, Yao believes that China has a political advantage due to its unity in the face of difficulties.
- Yao acknowledges that local authorities have falsified economic growth numbers in the past but believes that President Xi Jinping has put an end to it.
- China has managed to stabilize employment, finance, trade, and foreign investment despite the trade war.
- The slowing growth rate is attributed to the impact of the trade war with the US.
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