Most of Chinese local governments have set lower GDP growth targets for 2019, bolstering an expectation that the world's second largest economy will cut its overall economic growth target this year as the country gears up to cope with trade frictions and weakening domestic demand.
Notably, setting 2019 economic growth target as a range, instead of a specific figure, is becoming more common among local governments.
Of China’s 31 provinces, autonomous regions, and municipalities that have announced 2019 economic plans, 23 set lower targets than last year, according to their . . .
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