Policy focus to be on stable growth, lower risks in 2020

GDP target for next year likely to be around 6% in nation, say economists

Macroeconomic policies in China are expected to strike a balance between growth stability and risk prevention next year, with the overall GDP growth during the period expected to be around 6 percent, economists said on Wednesday.

The comments came ahead of the much-anticipated Central Economic Working Conference, a high-level meeting that will set the policy tone for next year, later this month and discussions on whether the GDP target should remain above 6 percent or be allowed to slip further.

Unlike a decade ago, more efforts are certainly needed to sustain a growth rate of 6 percent and above, including an expansionary fiscal policy and a higher tolerance of debt growth as investment efficiency has weakened, said the economists.