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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Since 1990 China has the lowest economic growth

Since 1990 China has the lowest economic growth



The world's second-largest economy grew by 6.6% in 2018, according to official data released on Monday. This is the slightest annual performance since 1990.

Growth slowed to 6.4% in the fourth quarter of last year, according to the economist's forecast.

The Chinese economy lost momentum after the government's efforts to try to curb high levels of debt. They also began to feel the consequences of the trade war with the United States, which led to new Chinese export tariffs worth more than 250 billion dollars. China's economic growth is expected to drop to 6% in 2019. But many analysts are skeptical about the accuracy of government figures and claim that in fact growth can be significantly lower. "data-src-mini =" // cdn.cnn.com/cnnnext/dam/assets/1
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Stimulating the Economy

Many other indicators blinked red. In December, Chinese exports suffered a surprising drop, and annual car sales dropped in 2018 for the first time in about 20 years. including tax cuts for small businesses and reduced tariffs.

But the experts are asking whether Beijing's measures will be enough to bring the economy back to strong growth soon.


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