Wednesday , July 28 2021

The – of economy – growing with China – fastest pace in 28 years | News of China



The last year of China's economy grew by & # 39; 6.6 per cent, according to official data. That is the lowest rate & # 39; growth in 28 years. The figure released Monday was in line with forecasts of many economists.

Economic activity fell sharply in the fourth & # 39; quarter of 2018 as China and the United States undertook a commercial war.

Chinese economy cooling can & # 39; hurt & # 39; companies from iPhone maker Apple in the US and carmakers in Europe exporters of minerals in Australia.

Economists say that Beijing has to strike a balance between stimulating the economy while keeping debt levels than out of control.

"The decline of 6.8 percent is no strong doubt, and most disturbing, put in trade friction backdrop between the US and China and the technology sector & # 39; below "Jazeera.

But there were signs of & # 39; resilience in the world's second largest economy. Industrial production grew 5.7 percent in & # 39; December from a year earlier, expectations and won & # 39; 5.3 percent.

The US and China are expected to hold the next talks in & # 39; Washington on 30 & # 39; in January to try to resolve their trade dispute after the US imposed tariffs on Chinese export & # 39; $ 250 billion.


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