July 15, 2019 9:11 PM

printer

China GDP growth slows to 6.2 pc, weakest in 27 years

China's economic growth slowed to a record low of 6.2 per cent in the second quarter of this year. This is the weakest growth rate in nearly three decades for the world's second-largest economy, in the midst of a trade war with the United States and weakening global demand. <br />''<br />''Government data showed that Gross Domestic Product (GDP) growth slid from 6.4 per cent in the first quarter to 6.2 per cent. China's GDP expanded 6.3 per cent year-on-year in the first half of 2019 to about 6.56 trillion US Dollars.<br />''<br />''The growth, however, was in line with the government's annual target range of 6.0-6.5 per cent for the whole year, down from the 6.6 per cent growth China put up in 2018. <br />

Most Read
View All arrow-right

No posts found.