REUTERS/Stringer
- China’s economy grew by 6.4% in the year to December, the weakest pace since early 2009.
- In 2018, GDP expanded by 6.6%, largely in line with the “around” 6.5% rate previously nominated by the government.
- The major surprise from today’s data came from industrial output that accelerated noticeably, and unexpectedly, in the year to December.
- Economists believe policymakers will continue to roll out targeted stimulus to help support the economy this year.
China's recent economic miracle was at it's most uncomfortably real in 2018, according to official data as business activity in the world's second largest economy hit a decade low following the bitter trade blows that have marked relations between Beijing and Washington.
Chinese economic growth continued to slow in the final three months of 2018, expanding at the slowest year-on-year pace since the height of the Great Recession.
See the rest of the story at Business Insider
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from Business Insider https://read.bi/2R3oZBc
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