China predicts weaker economic growth and warns of ‘hard struggle’ ahead

Hong Kong (CNN Business)A ceasefire in the trade war is unlikely to stop China’s economy from slowing further this year.

The Chinese government on Tuesday predicted economic growth of between 6% and 6.5% in 2019. That would represent a decline from last year’s 6.6% rate of expansion, which was already China’s weakest annual growth in three decades.
“There has been a more complex and severe environment facing our country’s development this year,” Chinese Premier Li Keqiang said in a speech. “There are greater expected and unexpected risks and challenges, and we have to make full preparations for a hard struggle.”

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