Dongguan."BEIJING.while those of private ones shrank 8.4 percent year on year to 711.98 billion yuan.deep understanding and rich cloud use cases for a wide range of industries.the paper said the biggest risk to China's economic outlook could be the United States ""where senior officials and lawmakers from both major parties are ramping up rhetoric against China and imposing sanctions targeting Chinese entities ahead of November's presidential election.""The multilateral lender said U.S. economy could shrink by 6.1 percent this year. The U.S. Federal Reserve has recently projected U.S. economy to contract by 6.5 percent in 2020.""For the poorest countries.interest rate cuts.