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China GDP grew 6.1% in 2019, slowest in three decades


Added 01-16-20 10:04:02pm EST - “China's economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world's second-largest economy grew…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “China GDP grew 6.1% in 2019, slowest in three decades”. Below is an excerpt from the article.

Beijing (AFP) - China's economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday.

The world's second-largest economy grew by 6.1 percent last year, its worst performance since 1990, according to the National Bureau of Statistics.

The figure matches an AFP analyst forecast and is within Beijing's official target of 6.0-6.5 percent. But last year's growth was down from 6.6 percent in 2018.

While China's economy had been gradually losing steam over the first three quarters, growth stabilised at 6.0 percent in the last three months of 2019 -- the same pace as in the third quarter, according to the National Bureau of Statistics (NBS).

Ning Jizhe, commissioner of the NBS, said China's economy generally sustained a stable momentum of growth in 2019.

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