Chinese Economy 2018: Transforming Economic Structures and Stabilising Growth

China’s economy ended 2018 with 6.6% growth. Its recent supply-side structural reforms to manage the transition of its economy from an investment-driven to an innovation-driven growth model may have some achievements, but the China-US trade war and high debt level of corporations and local governments are among the major uncertainties for the Chinese economy. Since mid-2018, the government has modified its policy priorities, from a strong emphasis on structural reforms to measures that safeguard growth.