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Wed, 20 Nov 2019 03:33 GMT

Slowest Growth of China's Economy for 28 Years

Business

7Dnews London

Mon, 21 Jan 2019 09:08 GMT

The growth in China's economy fell to a three-decade low in 2018, adding to pressure on Beijing to settle a tariff war with Washington, official data showed on Monday.

The 6.6 percent growth last year was just above the official target of 6.5 percent and matches a forecast by analysts polled by AFP, but is down from 6.8 percent in 2017, according to the National Bureau of Statistics (NBS). 

Relations with China's top trading partner the US deteriorated sharply last year after President Trump hit roughly half of Chinese imports with new tariffs in an attempt to force trade concessions. 

In a possible sign of a resolution, President Xi and Trump agreed to a three-month ceasefire, with top negotiators due to meet in Washington at the end of this month as a March deadline for a deal gets closer. 


Asia