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China economy to top $19.5 trillion this year, says state planner
The size of China’s economy will exceed 140 trillion yuan ($19.5 trillion) this year, the head of the state planner said as policymakers look to steer the country beyond the current five-year policy plan, which concludes at the end of 2025. The world’s second-largest economy is grappling with a prolonged trade war with the United States and persistent deflationary pressures. “Looking back at the 14th five-year plan period, the challenges encountered were greater than expected, but the achievements exceeded expectations,” Zheng Shanjie, chair of the National Development and Reform Commission, said at a press ... (full story)
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