China Sets 2019 GDP Growth Target at 6%-6.5%

The video discusses China's National People's Congress (NPC) focusing on economic policies for 2019. Key topics include the softening of GDP targets, fiscal measures like tax cuts, and deficit targets. The video also covers efforts to stabilize the economy amid slowing growth, including infrastructure spending and bond issuance. Additionally, it highlights trade talks with the US and reforms in foreign investment laws, aiming to ease foreign investment and address intellectual property concerns.

What was the GDP target range set by China's NPC for 2019?

• 5.0% to 5.5%

• 6.0% to 6.5%

• 6.5% to 7.0%

• 7.0% to 7.5%

What is the significance of the increased deficit target to 3%?

• It shows a focus on reducing national debt.

• It allows for more fiscal measures to support the economy.

• It suggests a decrease in tax revenue.

• It indicates a reduction in government spending.

What is the expected impact of the fiscal measures discussed in the video?

• Increase in unemployment

• Stabilization of the slowing economy

• Decrease in foreign investment

• Rapid economic growth

What shift in economic strategy is China making according to the video?

• From stabilizing growth to rapid expansion

• From deleveraging to stabilizing growth

• From increasing debt to reducing debt

• From focusing on exports to focusing on imports

How is China planning to increase infrastructure spending?

• Through increased taxes

• By reducing government bonds

• By cutting social security fees

• Via special bond issuance

What is a key focus of China's trade relations with the US?

• Increasing tariffs on US goods

• Reducing trade with Europe

• Improving foreign investment laws

• Increasing subsidies for local businesses

What ongoing issue remains between China and the US despite trade talks?

• Currency exchange rate disagreements

• Technology and national security tensions

• Tourism and travel restrictions

• Agricultural trade disputes