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AXA Investment Management said on Tuesday that China's GDP growth rate of 6% or above this year is still a priority for policy makers. It is expected that with the gradual decline of trade war risks, China's GDP growth rate will reach 6.1% this year and 5.8% next year.
Yao yuan, senior economist of emerging Asia of AXA Investment Management, said at the press conference that from the recent measures not aimed at stimulating the economy but to balance the impact of trade war, it can be seen that the primary task is still to maintain economic growth of 6% or above, believing that China will achieve the GDP growth target of 6-6.5% this year.
"Governments are increasingly reluctant to trade long-term sustainable development for short-term economic growth." "As China's acceptance of slower economic growth increases, the GDP growth rate may fall to 5.8% in 2020," he said.

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