China's economic growth has continued to slow in recent months, and may even dip below 6 per cent in the second half of the year amid a general downturn in the global economy and an escalation in the US-China trade conflict.
Despite these pressures, Beijing looks disinclined to stimulate the economy. What looks to be happening is that China is prepared to embrace slower but more sustainable growth, and 2019 is going to be remembered as the year China "shifted gears" in the management of its economy.
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