Du Feilun, director of the Institute of Economic Research at the National Development and Reform Commission (NDRC), said the China’s growth would slow to 6.0-6.5% next year, with the help from moderately loose economic policy.
He said there is “immense” short-term pressure on the economy, from domestic challenges and trade war with the US”. However, ” there is not too much upward pressure on prices, thus it provides a good environment for economic operations and a good space for monetary policy adjustments.”
He expected China’s aggregate economic policy to be “moderately loose next year to maintain steady growth”. But he didn’t expect China to return to the “old path” of massive stimulus.
