BEIJING, May 30 (Xinhua) -- China's GDP is expected to grow by 6.4 percent in the whole year of 2019, maintaining a stable and fast growth rate, said a report released by Chinese Academy of Social Sciences (CASS) on Wednesday, according to the Xinhua-run Economic Information Daily.
The report analyzes China's economic perspectives in 2019 based on quarterly macroeconomic models. It forecasts that the GDP growth will bottom out in the second or third quarter, and then start to pick up slightly, achieving the target of 6.0~6.5 percent growth expected at the beginning of this year.
The report also says that fixed assets investment is likely to reach 64.2 trillion yuan in 2019, continuing to drive the country's economic growth. In addition, a series of national policies such as tax reduction and social security adjustment will play a positive role in boosting the confidence of private sector and encouraging investment in the real economy. (Edited by Li Wenxin, email@example.com)