Thursday , August 5 2021

The pace of GDP of China into & # 39; & # 39 decrease by; 6.4% in the fourth & # 39; quarter, the lowest point since the financial crisis



The growth of the second world economy declined for three consecutive quarters, and raised concerns that the country can & # 39; lowers the world & # 39; down.

The economy of China grew by & # 39; 6.4% year on year in the fourth & # 39; & # 39 quarter; 2018, the lowest rate since the global financial crisis at a time when trade war against the United States going.

The data, published by the State Office of National Statistics, was in line with market expectations and showed that the growth of & # 39; 6.6% for the whole year exceeded the government's goal of & # 39; Xi Jinping (6.5%). The latter figure is slower expansion in 28 years.

The GDP growth of the second world economy declined for three consecutive quarters, and raised concerns among investors that the country can & # 39; lowers the world & # 39; down. The Executive examined the Friday growth in 2017 to 6.8% compared with 6.9% previously estimated.

According to the data released today, charges the United States on Chinese exports directly caused significant damage to local GDP, but economists and business executives say The dispute had a high cost & # 39; confidence b & # 39; direct impact on consumer spending and capital expenditure.

Beijing adopted a series of & # 39; of & # 39 measures; fiscal and monetary stimulus from July, but & # 39; now succeeded in reducing the deduction. Last week, the Ministry of Finance outlined plans for further tax cuts.

The authorities are expected to increase support for the economy to avoid further sharp decline, but analysts say that the activity can & # 39; to tistabbilizzax by summer, adding pressure for some to reach an agreement with & # 39 ; Washington to end the crisis. trade war.


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