China Will Reach 2019 Economic Growth Goal, NBS Head Says

(Bloomberg) -- China will reach its target of economic growth of 6% to 6.5% in 2019, said National Bureau of Statistics head Ning Jizhe, just days before the official release of data on gross domestic product from last year.

China remains the world’s fastest-growing economy larger than $10 trillion, he said at a forum on Saturday, according to a report from the Securities Times. The remarks come as the planned signing of a phase-one trade deal with the U.S. in Washington next week brightens the outlook and dispels uncertainties over economic expansion.

The nation is set to announce fourth quarter and full year GDP for 2019 on Friday. While growth slowed to 6% in the third quarter, manufacturing figures over the past months have displayed signs of stabilizing, signals a cyclical slowdown is likely drawing to a close.

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