China Position: By contrast, China arguably is in a relatively advantageous position than it was last year. The economy is holding up well with a GDP growth rate of 6.4% in the first three months of 2019 – the equivalent number for the second quarter of 2018 was only slightly higher at 6.7%4, and the government has chosen targeted monetary and fiscal stimulus to bolster economic growth, with further policy measures that can be implemented to help ease any negative impact on the overall economy.