CHINA Chinese economic growth at the lowest level in 28 years

China set to post slowest growth in 28 years in 2018, more stimulus seen

China set to post slowest growth in 28 years in 2018, more stimulus seen

"While official data indicated China's economy held up for much of previous year, it now appears to be slowing".

The figures from the National Bureau of Statistics drags full-year growth down to 6.6 percent, the slowest annual pace since 1990.

The number of children born in the year was the lowest since 1961, when 11.87 million babies were born, South China Morning Post reported.

"China's economy is likely to weaken further before growth stabilizes in the second half of the year on the back of expanded policy stimulus", Julian Evans-Pritchard of Capital Economics said in a report. The government estimates China's population will peak at 1.442 billion in 2029 before beginning to decline the year after. Other Chinese analysts were more dower.

Fixed-asset investment rose 5.9 per cent in 2018 from a year earlier, down from 7.2 per cent in 2017 and lower than Bloomberg's survey expectations of 6.0 per cent.

World public opinion mentioned that when facing downward pressure, China ruled out a flood of stimuli such as the 4-trillion yuan infrastructure investment of a decade ago. The state-run Global Times, for example, called the growth rate "reasonable", insisted the consumer economy is still humming along and blamed American "unilateralism" for the loss of confidence in Chinese markets. This figure is the lowest since the first quarter of 2009.

Property investment is also looking wobbly, with analysts waiting to see if Beijing will risk loosening restrictions on home buyers that have kept a potential housing bubble in check.

Per-capita consumer spending increased 6.2 percent year-on-year in real terms, reaching 19,853 yuan in 2018.

It's worth remembering that although China's growth has slowed, the economy is still growing. But they contracted in December as the penalties began to depress USA demand.

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He also alleged that it is BJP who has been spreading hatred across the country. He said BJP has alliance with 125 crore people and their aspirations.

Trump said Saturday that trade relations with China were "going very well" and "a deal could very well happen".

Many Chinese media have predicted that the 2019 job market will be the "worst-ever employment season", according to the Global Times. In theory, China has wide latitude to boost domestic demand to offset the trade war hit on external demand. Last month, iPhone maker Apple issued its first revenue warning in almost 12 years, citing weak Chinese demand.

Research by a University of Chicago assistant professor, Luis Martinez, in 2017 suggests that authoritarian regimes inflate GDP growth rates.

The sector - accounting for 8 per cent of the economy - grew 6.1 per cent in Q4, accelerating from the previous quarter's 2.5 per cent growth.

Yet the slowdown in Chinese economic growth is a reminder that Beijing has its challenges too. The Chinese regime recently banned regional authorities from the release of manufacturing activity data.

Some factories in Guangdong - China's export hub - have shut earlier than usual ahead of the long Lunar New Year holiday as the tariff war with the United States curtails orders.

"The most important driver really has been the credit deceleration and the concerns about financial imbalances on the part of the policy makers that has led them to pursue stricter policies", he said.

Reuters contributed to this article.

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