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- China central bank adviser sees no 'big' stimulus unless trade war worsens
China central bank adviser sees no 'big' stimulus unless trade war worsens
A Chinese central bank adviser said on Monday China's economy is likely to grow more than 6% this year provided a bitter trade dispute with the United States does not worsen, and hence will not need "very big, new stimulus measures" to stimulate growth.
"If the Sino-U.S. trade relationship does not deteriorate further, the possibility of keeping gross domestic product (GDP) growth over 6% this year is rather big," Ma Jun told on the sidelines of the World Economic Forum.
Chinese leaders have set a growth target of 6-6.5% for 2019.
"There should be no need to take very big, new stimulus measures," he said.
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