China’s economic growth slowed to its weakest in nearly 30 years last year amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.
That left full-year growth at 6.1 percent, the slowest annual rate of expansion China has seen since 1990. Analysts had expected it to cool from 6.6 percent in 2018 to 6.1 percent.“We have seen improvement in industry. We have seen efforts to make sure the economy continues to grow, especially efforts in the financing of infrastructure.”that Beijing plans to set a lower economic growth target of around six percent this year from last year’s 6-6.
Industrial output grew 6.9 percent in December from a year earlier, the strongest pace in nine months. Analysts had expected growth to dip to 5.9 percent from 6.2 percent in November.
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