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Economists Boost China Outlook on Trade Deal, Survey Shows

  • 2020 output to grow 5.9% on rate cuts, rising exports: surveys
  • Factory-gate prices will resume gaining in the second half
Hong Kong And Shenzhen Grapple Over China's Future
Photographer: Qilai Shen/Bloomberg
Updated on

China’s economic growth will come in at 5.9% in 2020 as easing trade tensions and the prospect of lower bank borrowing costs boost confidence, according to analysts and traders.

That’s an upgrade from the previous forecast of 5.8% from November, before the U.S. and China agreed a ‘Phase One’ dealt to lower tariffs and boost agricultural trade between the two nations. The economy will grow by 6.1% this year and by 5.8% in 2021, according to the median estimate of around 70 economists in a Bloomberg survey.