China registered 6.1 per cent GDP last year, which is the slowest pace of growth for the country in almost three decades. <br />'' <br />'' The government today said, sluggish domestic demand and the bruising 18-month trade war with the US has seriously impacted the economy.<br />'' <br />'' The new GDP data released by the National Bureau of Statistics (NBS) comes a day after China and the US signed a long-awaited phase one deal. In 2018, China's economy sank to a 28-year low slowing down to 6.6 per cent, lower than the 6.8-per cent growth registered in 2017.<br />'' <br />'' After signing the phase one deal, US President Donald Trump said 25 per cent tariff hike on &nbsp;360 billion US Dollar worth of Chinese products would continue until the phase-2 deal is worked out. China aims to double the per capita income of its urban and rural residents from 2010 levels By 2020.<br />'' &nbsp;
News On AIR | January 17, 2020 7:48 PM
China's economic growth sinks to lowest level in three decades