The Academy of Social Sciences lowered the economic growth rate to 7.3% this year.

Abstract The Chinese Academy of Social Sciences released its latest report in Beijing on the 10th. It is estimated that China's economy will grow by about 7.3% this year, and its growth rate will fall by 0.4 percentage points from the previous year, and it will continue to maintain a reasonable range of economic growth. The Academy of Social Sciences is expected to cut 0.1 hundred from the spring forecast this year...
The Chinese Academy of Social Sciences released its latest report in Beijing on the 10th, saying that China’s economy is expected to grow by about 7.3% this year, with a growth rate of 0.4 percentage points lower than that of the previous year and continue to maintain a reasonable range of economic growth.

The Academy of Social Sciences is expected to cut this percentage by 0.1 percentage point from the spring forecast this year. The main reason: the growth rate of real estate investment has declined; although the government has increased infrastructure investment, it is expected to grow by more than 20% for the whole year. However, due to financing constraints, insufficient project preparation and low return on investment, it is difficult to completely hedge the decline in real estate investment growth.

In addition, the Academy of Social Sciences is expected to continue to slow down to 7% next year. Among them, investment growth will continue to decline to 14.1%.

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