Chinese economic growth hits three-decade low

Chinese economic growth hits three-decade low

The Jakarta Post-Business·2020-01-18 03:06

China's economy grew last year at its slowest pace in three decades, hit by weak domestic demand and trade tensions, but while officials warned of further headwinds, separate figures Friday suggest the downward trend is bottoming out.

The 6.1 percent rate is a sharp drop from the 6.6 percent the year before and marks the third straight drop, though it met the government's target and analysts said leaders were unlikely to open up the stimulus taps just yet.

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