China grows 6.1% in 2019, slowest pace in almost three decades

English Jan 20, 2020

China's economic growth has remained stable amid trade tensions with the United States, resulting in a 6.1% expansion of Gross Domestic Product (GDP) in 2019, according to data from the Chinese National Statistics Office.

The rate of growth is the slowest in almost three decades and a slowdown from the 6.6% increase recorded in 2018. Chinese industrial production advanced 6.9% in the annual comparison of December, accelerating from an increase of 6.2% in November. The December advance surpassed the median of the projections of 15 analysts surveyed by the Wall Street Journal, up 5.9%. Retail sales jumped 8.0% last month compared to December 2018, repeating the 8.0% increase in November and beating growth projections of 7.8%.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.