CONF: China’s 2020 GDP growth may slip to around 5.8%

China’s 2020 GDP growth may slow down further to around 5.8% from 6.1% this year, and the investment in property sector is expected to ease next year, Ren Zeping, Chief Economist of Evergrande Group shared his projection on October 31 at Mysteel’s 2019 Steel Value Chain Derivatives Summit in Xiamen, Southeast China’s Fujian province.

Ren’s expectation on China’s GDP growth has matched the majority understanding in the Chinese market, and China’s GDP so far for this year has been easing steadily in growths, from the 6.4% for the first quarter, 6.2% for the second quarter, and 6% for the third quarter. Over January-September, China achieved a 6.2%