BEIJING — January 20, 2019— China‘s economic growth fell to a three-decade low in 2018 as business activity lagged amid a tariff war with Washington.
The world’s second-largest economy expanded by 6.6 percent over a year earlier, down from 2017’s 6.9 percent, official data showed Monday. Growth in the three months that ended in December cooled to 6.4 percent from the previous quarter’s 6.5 percent.
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Communist leaders are trying to steer China to slower, more self-sustaining growth based on consumer spending instead of trade and investment.
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