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BEIJING | China’s economic growth sinks to 3-decade low in 2018

BEIJING  | China’s economic growth sinks to 3-decade low in 2018

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.

Communist leaders are trying to steer China to slower, more self-sustaining growth based on consumer spending instead of trade and investment.

Continue reading Beijing | China’s economic growth sinks to 3-decade low in 2018 at STL.News.



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