Accelerating changes around the world may have a profound influence on the Chinese economy, but 2020 will still be a year full of highlights for China, said chief experts from multiple organizations during a recent interview with China News Agency.

(Photo/Xinhua)

Increasing partial risks will be a major feature of the coming year, and will exert profound impacts on the Chinese economy in 2020, experts explained.

According to Lu Ting, chief economist with the financial services company Nomura Securities, China may face a more complex international environment in the coming year, including whether trade talks with the US will achieve practical progress, as well as the US election. Therefore, he believes that China may face a dip in exports in 2020, and a sustained low in the manufacturing sector.

However, chief researcher Wen Bin of China Minsheng Bank stressed that the basic trend of steady long-term growth for China's economy remains unchanged thanks to the country's institutional advantages, material basis, market advantages, domestic demand and human resources.

The structural downturn is likely to continue in 2020, said Zhu Haibin, Chief China Economist at JPMorgan Chase & Co. However, in his opinion, periodical factors will gain a rise, and real estate investment will also maintain strong resilience in the first half of 2020.

Ding Shuang, chief economist of Greater China and North Asia at Standard Chartered Bank, noted that China's investment growth in infrastructure might see a small bounce due to the incentive of financial policies. He also pointed out that the pickup of social financing and general credit in 2019 had created a favorable environment for credit in 2020.

Chief economists believe that the most important thing for the Chinese economy is to prepare for the prevention of and solution to financial risks.

To this end, it is essential to maintain the stability of financial organizations, as well as capital mobility, said Zhu Baoliang, chief economist at China's State Information Center, adding that China should also enhance supply-side structural reform to support the development of its real economy.