In the face of high global uncertainty，China’s economic 188bet game remains resilient so far。The year-on-year GDP 188bet game in the fourth quarter of 2018 and the first quarter of 2019 was both 6.4%，Compared with 6 in the first half of 2018.8% slight slowdown。The World Bank’s economic 188bet game forecast for China is 6 in 2019.2%，6, 2020.1%。

The May issue of "China Economic Brief: Coping with Greater Uncertainty" released today by the World Bank believes that，Amid a more unfavorable external environment caused by slowing global 188bet game and rising trade tensions，China’s economy must rely more on domestic demand to maintain rapid 188bet game。

Rui Ze, Director of the World Bank’s China Bureau, said: “In response to slowing 188bet game and an unfavorable external environment，The government has launched fiscal stimulus measures focusing on tax incentives。The central government has the fiscal space to further increase spending if necessary，But increasing fiscal stimulus requires appropriate funding sources，Either the central government directly provides funds，Or by increasing fiscal transfer payments to provinces。Add medical care、Combining education and social security expenditures with deepening reforms and improving efficiency，It will help stimulate domestic demand and improve service quality。”

Reported，Re-escalation of trade tensions led to increased financial market volatility in early May。The United States announces additional tariffs on imported products from China，Cause financial asset prices to plummet。In an environment of increasing market volatility，The People's Bank of China maintains a cautious overall monetary policy stance，Supplemented by some targeted easing measures。Bank lending and corporate and government bond issuance increased，Bringing to a slight increase in non-financial sector credit 188bet game in the first four months of 2019。

Report states，VAT and import tariff rates reduced in 2018、Factors such as the increase in the value-added tax export rebate rate and the slowdown in personal income tax 188bet game have caused the comprehensive fiscal deficit to account for 3% of GDP.9%。New tax and fee reduction measures and an increase in local government debt limits in 2019 may cause the comprehensive deficit to rise to 5% of GDP.About 9%。

Given the expected fiscal stimulus，The World Bank’s baseline forecast for China’s GDP 188bet game in 2019 remains unchanged，Still 6.2%。Although actual GDP 188bet game in the first quarter was better than expected，As new tariffs take effect and global 188bet game slows，Net exports are unlikely to continue to support 188bet game in the coming months。Escalating trade tensions、Lower business confidence and declining global trade 188bet game，It is expected to put pressure on investment and exports in 2020，Having prompted us to lower our 188bet game forecast for next year。

Li Weiqiao, chief economist of the World Bank in China, said: "Although China is a global leader in several technological fields，But there is still a lot of room to catch up with the overall productivity levels of high-income countries，Can continue to benefit from global integration。The economic prospects of both China and its trading partners could significantly benefit from resolving the current trade dispute。”

*Source of this article: 21st Century Business Herald，Author: Zheng Qingting，original labelTitle: "World Bank: China’s GDP 188bet game forecast in 2019 is still 6.2%，Domestic demand is the key to China’s continued 188bet game under a highly uncertain situation》.