Skip to content
Subscriber Only

PBOC Ex-Official Says China to Hit at Least 6% Growth in 2020

General Views of Xiamen As Early Indicators Show China's Slowdown Deepens in August
Photographer: Qilai Shen/Bloomberg

China’s economy will likely grow at 6.1% this year, and it won’t drop below 6% in 2020, according to a former central bank adviser.

“Whether China will maintain 6% growth is not a valid question anymore,” Sheng Songcheng, a former director of the People’s Bank of China’s statistics and analysis department, wrote in an article in local media. “The Chinese economy has bottomed out.”