China's economic growth slows to 6.1% in 2019, near 30-year low

- China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with expectations and steadying from the previous quarter’s pace.

The economy has been slow to respond to support measures, but November and December pointed to improvements, particularly in the manufacturing sector and possibly linked to easing U.S.-China trade tensions.** Q4 GDP +1.5% q/q ** Jan-December fixed asset investment +5.4% y/y SHUANG DING, HEAD OF CHINA ECONOMIC RESEARCH AT STANDARD CHARTERED, HONG KONG

“We still think China is in for slowdown later on, it’s in the midst of a structural slowdown. We have stabilization 2020, but after 2020 we do think there will be more structural slowdown.”** China’s economic growth has been slowing amid weak domestic and export demand, with pressure compounded by an escalating trade war with the United States. A government crackdown on debt and riskier types of financing in recent years has also led to a softening in investment.

** Economic growth is expected to slow further to 5.9% in 2020, a Reuters poll showed, reinforcing views that Beijing will need to roll out more policy support measures.

I think we should just stop paying any bill from the Chinese dictatorship. What's he going to do rip off the Russians?

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